USDCHF builds support base – Analysis - 03-01-2017

Economies.com
2017-01-03 04:47AM UTC

The USDCHF pair managed to breach 1.0210 level and hold above it, which supports the continuation of our bullish overview efficiently in the upcoming period, paving the way to head towards 1.0326 as a next main station, waiting to breach this level to confirm extending the bullish wave towards 1.0450.

 

Therefore, the bullish trend scenario will remain valid on the intraday and short term basis conditioned by the price stability above 1.0128.

 

Expected trading range for today is between 1.0150 support and 1.0326 resistance.

 

Expected trend for today: Bullish

Forex and Currency News

Forex News

Forex

Dollar moves in negative zone ahead of Fed remarks
2024-05-13 11:52AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, resuming losses and ...
EUR/USD news

Forex

Euro advances towards three-week highs amid cautious trading
2024-05-13 08:51AM UTC
Euro rose in European trade on Monday against a basket of major rivals, resuming gains against the ...
USD/CAD news

Forex

Loonie edges up after monthly employment data
2024-05-10 15:49PM UTC
The Canadian dollar rose against most major rivals following monthly jobs data which revealed solid ...

Forex Technical Analysis

USD CHF Analysis

Forex

The USDCHF price attempts positively – Forecast today - 14-05-2024
2024-05-14 03:54AM UTC
USDCHF Price Analysis Expected Scenario The USDCHF price resumes its positive trading and ...
NZD USD Analysis

Forex

The NZDUSD price needs negative motive – Forecast today - 14-05-2024
2024-05-14 03:54AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price didn’t show any strong move ...
AUD USD Analysis

Forex

The AUDUSD price attempts to recover – Forecast today - 14-05-2024
2024-05-14 03:54AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price provided new positive trades ...