The USDCHF faces solid support – Analysis - 12-08-2022
Economies.com
2022-08-12 04:11AM UTC
The USDCHF pair continues to fluctuate around 0.9400 level and keeps its stability above it, to keep the bullish trend scenario active, supported by stochastic current positivity, waiting to visit 0.9530 mainly.
We remind you that the continuation of the bullish wave requires holding above 0.9400, as breaking it will put the price under new negative pressure and open the way to head towards 0.9290 as a next negative target.
The expected trading range for today is between 0.9390 support and 0.9500 resistance.
The expected trend for today: Bullish temporarily
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