The USDCHF attacks the support – Analysis - 08-04-2020
Economies.com
2020-04-08 05:01AM UTC
The USDCHF pair faced clear negative pressure yesterday to break 0.9730 and settles below it, but we notice that the price begins today with bullish bias in attempt to trade above this level again, supported by the EMA50, besides the positive signals provided by stochastic.
Therefore, we believe that the chances valid to trade positively in the upcoming sessions, noting that our next main target reaches 0.9900, taking into consideration that failing to step above 0.9730 will put the price under additional negative pressure that targets 0.9626 level as a next station.
The expected trading range for today is between 0.9660 support and 0.9800 resistance.
The expected trend for today: Bullish
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