Forex
The USDCHF touches the positive target – Analysis - 07-07-2022
2022-07-07 04:09:59 GMT
(Economies.com)
The USDCHF pair managed to touch our waited target at 0.9730 and finds solid resistance there, to test the intraday bullish channel’s support line that appears on the chart, waiting to resume the bullish bias to surpass the mentioned level and head towards 0.9860 on the near term basis.
Stochastic gets rid of its negative momentum clearly to support the continuation of the suggested positive scenario, which will remain valid unless breaking 0.9630 and holding below it.
The expected trading range for today is between 0.9630 support and 0.9770 resistance.
The expected trend for today: Bullish
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.0535
|
0.0094
|
0.8994%
|
|
|
|
|
1.2293
|
0.0245
|
2.0329%
|
|
|
|
|
23.157
|
1.801
|
8.433%
|
|
|
|
|
81.475
|
7.046
|
9.467%
|
|
|
|
|
85.86
|
-1.02
|
1.17%
|
|
|
|
|
1795.560
|
45.085
|
2.576%
|
|
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