The USDCHF surpasses the moving average – Analysis - 06-11-2019
Economies.com
2019-11-06 05:23AM UTC
The USDCHF pair keeps rising to surpass the EMA50, reinforcing the chances of visiting 0.9990 level, which represents the sideways range’s resistance that dominates the recent trades, noting that this range’s support line is located at 0.9836.
In general, the sideways range will remain dominant on the intraday trading until the price manages to confirm breaching one of the above mentioned levels, noting that breaching the resistance will push the price to achieve additional gains that reach 1.0070, while breaking the support will press on the price to visit 0.9712 mainly.
The expected trading range for today is between 0.9860 support and 0.9990 resistance.
The expected trend for today: Sideways
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