USDCHF faces negative pressure – Analysis - 09-08-2018

The USDCHF pair shows some bearish bias to move below the bullish channel’s support line, noticing that stochastic shows oversold signals now, starting to provide positive overlapping signal on the four hours’ time frame, waiting to motivate the price to resume the bullish trend in the upcoming sessions.

Therefore, we suggest the continuation of the overall bullish trend as long as 0.9850 level remains intact, noting that breaching 0.9960 will ease the mission of achieving our first main target at 1.0055.

Expected trading range for today is between 0.9850 support and 1.0000 resistance.

Expected trend for today: Overall Bullish