USDCHF keeps its positive stability – Analysis - 16-08-2017
Economies.com
2017-08-16 04:23AM UTC
The USDCHF pair settles above 0.9700 level, to keep the bullish trend valid for the upcoming period, supported by the EMA50 that carries the price from below, noticing that stochastic gets rid of its negativity clearly to approach from the oversolda areas.
Therefore, we are waiting for positive trading today, as our main targets located at 0.9812 and extend to 0.9864, noting that breaking 0.9700 will stop the expected rise and push the price to decline again.
Expected trading range for today is between 0.9670 support and 0.9812 resistance.
Expected trend for today: Bullish
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