USDCHF breaches the initial resistance – Analysis - 06-02-2018
Economies.com
2018-02-06 05:31AM UTC
The USDCHF pair showed clear breach to the minor bearish channel’s resistance and settled above it, which opens the way for a potential test to the most important resistance on the short term basis at 0.9418 before attempting to resume the main bearish trend.
Therefore, the bullish bias will be expected for today, taking into consideration that breaking 0.9300 will stop the expected rise and push the price to return to the bearish track again.
Expected trading range for today is between 0.9260 support and 0.9418 resistance.
Expected trend for today: Bullish
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