USDCHF touches the target – Analysis - 24-04-2018

2018-04-24 03:56:37 GMT (Economies.com)
 

The USDCHF pair succeeded to achieve our waited target at 0.9790, and the bullish channel keeps organizing the price move on the intraday and short term basis, which its resistance line located at 0.9835, to suggest the continuation of the bullish bias in the upcoming sessions to touch the mentioned level followed by 0.9900, supported by the EMA50 that carries the price from below.

 

Therefore, the bullish trend will remain dominant for today, noting that failing to breach 0.9790 will stop the expected rise and push the price to test 0.9675 level initially.

 

Expected trading range for today is between 0.9720 support and 0.9860 resistance.

 

Expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
0.9806
0.0151
1.5608%
1.1104
0.0284
2.6238%
18.817
-0.041
0.220%
81.589
2.295
2.894%
88.79
-0.53
0.59%
1660.445
15.085
0.917%
 
 
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