The USDCHF begins new breaching attempts – Analysis - 16-10-2019
Economies.com
2019-10-16 04:51AM UTC
The USDCHF pair shows new attempts to breach 0.9990 level, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, as the price continues to move inside the bullish channel that supports the chances of achieving the breach and open the way to visit 1.0070 as a next target.
Therefore, we will continue to suggest the bullish trend, noting that breaking 0.9940 will press on the price to decline towards 0.9836 areas before any new attempt to rise.
The expected trading range for today is between 0.9940 support and 1.0050 resistance.
The expected trend for today: Bullish
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