USDCHF keeps its positive stability – Analysis – 13.10.2016

DOLLAR4The USDCHF pair settles above 0.9864 level, to keep the bullish trend valid and active for the upcoming period, supported by the EMA50, waiting to resume the bullish wave that targets 1.0000 followed by 1.0326 levels mainly.

Carefully note that breaking 0.9864 level will stop the suggested rise and push the price to visit areas that start at 0.9700 and extend to 0.9578.

Expected trading range for today is between 0.9815 support and 0.9960 resistance.

Expected trend for today: Bullish

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Origin: Economies

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