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The USDCHF rises calmly – Analysis - 22-02-2023
The USDCHF pair shows calm positive trades to gradually approach our first waited target at 0.9316, getting positive support by the EMA50, to reinforce the chances of continuing the rise and surpassing the mentioned level to open the way to achieve additional gains that reach 0.9400.
Therefore, the bullish trend will remain suggested for the upcoming period, supported by the EMA50, noting that stochastic current negativity might hinder the mission to rise and delay achieving the waited targets.
On the other hand, we should note that breaking 0.9230 followed by 0.9210 levels will push the price out of the bullish track to turn to decline again.
The expected trading range for today is between 0.9200 support and 0.9350 resistance.
The expected trend for today: Bullish
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