USDCHF tests key barrier – Analysis – 09.08.2016

DOLLAR4The USDCHF pair traded positively yesterday to start testing the minor resistance 0.9848, which breaching it represents positive factor that will ease the mission of heading towards our next main target at 0.9944.

The EMA50 continues to support the suggested bullish wave, which its targets extend to reach 1.0254 after breaching the above mentioned level, reminding you that it is important to hold above 0.9752 level to keep the chances of achieving the suggested targets.

Expected trading range for today is between 0.9752 support and 0.9944 resistance.

Expected trend for today: Bullish

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Origin: Economies

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