The USDCHF completes the positive pattern – Analysis - 29-10-2020
Economies.com
2020-10-29 04:16AM UTC
The USDCHF pair managed to breach 0.9090 level and hold above it, to complete forming the double bottom pattern that appears on the chart, reinforcing the expectations of rising in the upcoming sessions, on its way to visit 0.9160 followed by 0.9190 levels mainly.
Stochastic gets rid of its negative momentum and approaches the oversold areas, to support the continuation of the positive scenario that will remain valid conditioned by the price stability above 0.9090 and 0.9050 levels.
The expected trading range for today is between 0.9050 support and 0.9160 resistance.
The expected trend for today: Bullish
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