USDCHF surpasses the target – Analysis – 06/05/2016

chf_forexThe USDCHF pair succeeded to touch our main waited target at 0.9676, and shows attempts to breach it now, which supports the continuation of the bullish wave in the upcoming period, to extend the positive targets towards 0.9800 on the near term basis.

Therefore, the bullish bias will be suggested on the intraday and short term basis, supported by the EMA50, unless breaking 0.9676 followed by 0.9615 levels and holding below them.

Expected trading range for today is between 0.9600 support and 0.9770 resistance.

Expected trend for today: Bullish

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Origin: Economies

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