The USDCHF tests the channel’s support – Analysis - 09-10-2019
Economies.com
2019-10-09 04:40AM UTC
The USDCHF pair tested the intraday bullish channel’s support line and keeps its stability inside it, as the EMA50 meets this support to add more strength to it, while stochastic reaches the oversold areas.
Therefore, these factors encourage us to continue suggesting the main bullish trend, which its targets begin by breaching 0.9990 to confirm the extension of the bullish wave towards 1.0070, noting that holding above 0.9910 represents the first condition to continue the expcted rise.
The expected trading range for today is between 0.9880 support and 1.0000 resistance.
The expected trend for today: Bullish
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