USDCHF approaches the target – Analysis - 30-10-2018

The USDCHF price resumed its positive trades clearly yesterday to settle above 1.0000 barrier, which supports the continuation of our bullish overview efficiently in the upcoming period, to approach our main waited target at 1.0055, noting that breaching this level will extend the pair’s gains to reach 1.0105 followed by 1.0170 levels as next main stations.

We should note that the continuation of the expected rise depends on holding above 0.9945.

Expected trading range for today is between 0.9960 support and 1.0105 resistance.

Expected trend for today: Bullish