USDCHF heads towards the extended target – Analysis - 23-02-2017
Economies.com
2017-02-23 05:31AM UTC
The USDCHF pair managed to breach 1.0100 level and settled above it, to support the continuation of the expected bullish trend on the intraday and short term basis, waiting for visiting 1.0157 level as a next main station, while the price gets positive support from the EMA50, while stochastic approaches from the oversold levels.
Therefore, we will keep preferring the bullish trend in the upcoming period unless breaking 1.0043 level and holding below it, pointing that breaching 1.0157 level will extend the pair’s gains to reach 1.0228 directly.
Expected trading range for today is between 1.0043 support and 1.0180 resistance.
Expected trend for today: Bullish
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