The USDCHF gathers the positive momentum – Analysis - 29-08-2019
Economies.com
2019-08-29 04:55AM UTC
The USDCHF pair fluctuates at the EMA50 that forms good support against the price, noticing that stochastic gets rid of its negativity and reaches the thresholds of the oversold areas, which forms positive motive that we are waiting to assist to push the price to rise again, and the price needs to breach 0.9836 level to confirm rallying towards 0.9900 as a next main station.
Therefore, the bullish trend scenario will remain valid for today conditioned by the price stability above 0.9712.
The expected trading range for today is between 0.9760 support and 0.9880 resistance.
The expected trend for today: Bullish
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