The USDCHF exits the channel – Analysis - 07-08-2020
Economies.com
2020-08-07 04:15AM UTC
The USDCHF pair breached the bearish channel’s resistance line clearly and begins today with clear rise, to head towards new bullish correction, targeting 0.9153 followed by 0.9213 levels as main positive stations.
Therefore, the bullish bias will remain expected for today, noting that failing to breach 0.9153 will press on the price to decline again and resume the main bearish trend.
The expected trading range for today is between 0.9080 support and 0.9200 resistance.
The expected trend for today: Bullish
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