USDCHF within sideways track – Analysis - 04-02-2019
Economies.com
2019-02-04 04:53AM UTC
The USDCHF pair shows more bullish bias on its way to test the key resistance 0.9990, noticing that the price moves within sideways track between the mentioned resistance and 0.9900 support, which makes us suggest the continuation of the sideways bias domination until the price manages to breach one of the mentioned levels.
Note that breaking 0.9900 will press on the price to decline again and head towards 0.9835 as a next station, while breaching 0.9990 will lead the price to resume the main bullish trend that its next targets located at 1.0070 followed by 1.0128.
Expected trading range for today is between 0.9900 support and 1.0020 resistance.
Expected trend for today: Sideways
Forex and Currency News
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex
Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The NZDUSD price breached 0.6000$ level strong and settled above it, reinforcing the expectations ...
Forex
The AUDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The AUDUSD price traded with strong positivity to succeed achieving our new waited target at ...
Forex
The GBPUSD forecast update 03-05-2024
2024-05-03 13:52PM UTC
The GBPUSD price traded with strong positivity to breach 1.2580$ level strongly but it returns to ...