The USDCHF approaches the support – Analysis - 06-05-2019
Economies.com
2019-05-06 02:30AM UTC
The USDCHF pair shows negative trades now to approach testing the key support 1.0128, noticing that stochastic shows clear oversold signals, which supports the chances of bouncing bullishly to resume the expected bullish trend on the intraday and short term basis, organized inside the bullish channels that appears on the chart.
Therefore, we will keep our bullish overview conditioned by the price stability above 1.0128, noting that our next main target rises to 1.0310.
The expected trading range for today is between 1.0130 support and 1.0220 resistance.
The expected trend for today: Bullish
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