USDCHF tests the support – Analysis - 26-06-2018

Economies.com
2018-06-26 04:13AM UTC

The USDCHF pair tests the key support 0.9850 and still above it until now, which keeps the bullish trend scenario valid until now, supported by stochastic current positivity, waiting to target 0.9950 followed by 1.0055 levels mainly.

 

We should note that breaking 0.9850 will stop the expected rise and put the price under the correctional bearish pressure on the short term basis.

 

Expected trading range for today is between 0.9800 support and 0.9930 resistance.

 

Expected trend for today: Bullish

Forex and Currency News

EUR/USD news

Forex

Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
USD/JPY news

Forex

Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex News

Forex

US Dollar extends losses after inflation data
2024-05-15 20:25PM UTC
The US dollar fell against most major rivals on Wednesday, extending losses after the release of US ...

Forex Technical Analysis

EUR USD Analysis

Forex

The EURUSD price forecast update - 16-05-2024
2024-05-16 09:25AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price faces negative pressure now to ...
Technical Analysis

Forex

The NZDCAD regains the bullish track – Forecast today – 16-5-2024
2024-05-16 05:41AM UTC
NZDCAD Price Analysis Expected Scenario The NZDCAD price succeeded in regaining the ...
EUR JPY Analysis

Forex

The EURJPY under the correctional effect – Forecast today – 16-5-2024
2024-05-16 05:38AM UTC
EURJPY Pair Analysis Expected Scenario The EURJPY pair provided a new negative close ...