USDCHF resumes rising – Analysis – 11/05/2016

prognoz dollar3The USDCHF pair traded with clear positivity yesterday moving away from 0.9676 level, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, waiting to test 0.9800 level initially, reminding you that breaching this level will extend the pair’s gains to reach 0.9900 direct.

The EMA50 keeps supporting the suggested bullish wave, which its continuation conditions holding above 0.9676.

Expected trading range for today is between 0.9676 support and 0.9850 resistance.

Expected trend for today: Bullish

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Origin: Economies

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