The USDCHF faces solid resistance – Analysis - 02-10-2019

Economies.com
2019-10-02 04:59AM UTC

The USDCHF pair attempted to breach 0.9990 level yesterday but it bounced downwards clearly to test the key support 0.9935, as it keeps its stability above it until now, to keep the bullish trend active for the upcoming period, waiting to breach 0.9990 to confirm rallying towards 1.0070 as a next station.

 

We remind you that breaking the mentioned support will force the price to visit 0.9836 before any new positive attempt.

 

The expected trading range for today is between 0.9880 support and 1.0000 resistance.

The expected trend for today: Bullish

 

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