USDCHF faces negative pressure – Analysis - 10-08-2017

The USDCHF pair traded with strong negativity yesterday to test the key support that declines now to 0.9625, as the price kepts its stability above this level and starts to rebound bullishly now, hinting resuming the bullish trend in the upcoming sessions, supported by the positive signals provided by stochastic.

Therefore, we are waiting for positive trading today, and the targets begin by breaching 0.9700 top confirm opening the way to head towards 0.9812 followed by 0.9864 levels, noting that breaking 0.9625 and holding below it will push the price to return to the short term bearish trend again.

Expected trading range for today is between 0.9600 support and 0.9750 resistance.

Expected trend for today: Bullish