USDCHF retests – Analysis - 31-07-2017
Economies.com
2017-07-31 04:08AM UTC
The USDCHF pair shows slight negative trading to retest the previously breached resistance of the bearish channel that appears on chart, which turns into key support now at 0.9660, accompanied by stochastic approach from the oversold areas, which forms positive factor that we expect to assist the price to continue rising on the intraday basis, waiting to test 0.9812 followed by 0.9864 levels mainly.
We should note that breaking 0.9660 level will stop the expected rise and turn the price back to the bearish track.
Expected trading range for today is between 0.9600 support and 0.9770 resistance.
Expected trend for today: Bullish
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