The USDCHF resumes the rise – Analysis - 13-10-2021

The USDCHF pair provided positive trades yesterday to move away from 0.9265, reinforcing the expectations of continuing the bullish trend, waiting to visit 0.9345 as a first target, noting that breaching this level will open the way to achieve more gains on the intraday and short term basis.

Stochastic current negativity might force the price to achieve temporary decline before resuming the expected bullish trend, which will remain valid conditioned by the price stability above 0.9265.

The expected trading range for today is between 0.9265 support and 0.9345 resistance.

The expected trend for today: Bullish