The USDCHF needs the positive momentum – Analysis - 07-04-2020
Economies.com
2020-04-07 04:56AM UTC
The USDCHF pair shows sideways trading since yesterday, starting today with slight bearish bias on its way for potential test to 0.9730, and as long as the price is above this support, our bullish overview will remain active for the upcoming period, as the price moves organized inside the bullish channel that appears on the chart, waiting to head towards 0.9900 as a next station.
On the other hand, we should note that breaking 0.9730 will stop the expected rise and press on the price to decline towards 0.9626 initially.
The expected trading range for today is between 0.9700 support and 0.9870 resistance.
The expected trend for today: Bullish
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