USDCHF breaches the resistance – Analysis - 25-09-2018

The USDCHF pair traded with clear positivity yesterday to breach 0.9620 level and settles above it, showing more rise by today’s opening to breach the falling wedge’s resistance that its signs appear on the chart, which hints the price head to achieve more gains in the upcoming sessions, targeting testing 0.9723 level initially.

Therefore, we expect witnessing positive trading today, noting that breaching the targeted level will extend the bullish wave to reach 0.9850, while the expected rise will remain valid unless breaking 0.9620 level and holding below it.

Expected trading range for today is between 0.9600 support and 0.9723 resistance.

Expected trend for today: Bullish