USDCHF faces negative pressure – Analysis - 06-03-2017
Economies.com
2017-03-06 05:32AM UTC
The USDCHF pair returns to trade negatively after approaching from 1.0157 level, to test the correctional bullish channel's support that appears on chart, accompanied by stochastic reach to the oversold areas, besides the continuation positive support provided by the EMA50.
Therefore, these factors keep the chances valid to continue the bullish trend in the upcoming sessions, which targets 1.0157 followed by 1.0228 levels mainly, taking into consideration that breaking 1.0043 will stop the current correctional bullish wave and leads the price to return to the short term bearish trend.
Expected trading range for today is between 1.0043 support and 1.0157 resistance.
Expected trend for today: Bullish
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