The USDCHF awaits more rise – Analysis - 08-06-2022

Economies.com
2022-06-08 04:09AM UTC

The USDCHF pair breached 0.9730 level clearly and settles above it, reinforcing the expectations of continuing the bullish trend, waiting to head towards 0.9860 that represents the next positive target.

 

Stochastic gathers the positive momentum to support the continuation of the expected bullish trend, which will remain valid conditioned by the price stability above 0.9730.

 

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The expected trading range for today is between 0.9700 support and 0.9800 resistance.

 

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The expected trend for today: Bullish

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