USDCHF touches the channel's resistance – Analysis - 13-02-2017
Economies.com
2017-02-13 05:29AM UTC
The USDCHF pair touched the intraday bullish channel’s resistance that meets the previously broken Fibonacci correction level to turn into resistance now at 1.0062, the price needs to breach this level to confirm the extension of the bullish wave towards our main waited target at 1.0128, where the positive effect of the inverted head and shoulders pattern remains active, waiting for more of the positive trading in the upcoming sessions.
Therefore, the bullish trend scenario will remain active for today, unless breaking 0.9996 then 0.9965 levels and holding below them.
Expected trading range for today is between 0.9996 support and 1.0128 resistance.
Expected trend for today: Bullish
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