USDCHF resumes rising – Analysis - 27-04-2018
The USDCHF pair rallied upwards clearly yesterday to reach our waited target at 0.9900, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, which gets continuous positive support by the EMA50, waiting for more rise that its next target located at 0.9976.
Therefore, the bullish trend will remain dominant in the upcoming sessions unless breaking 0.9790 and holding below it.
Expected trading range for today is between 0.9820 support and 0.9976 resistance.
Expected trend for today: Bullish