USDCHF tests the support base – Analysis – 14.10.2016

chf_forexThe USDCHF pair continues to fluctuate around the key support 0.9864, and as long as the price is above this level, the bullish trend scenario will remain valid on the intraday and short term basis, waiting to target areas that start at 1.0000 and extend to 1.0326.

The EMA50 keeps supporting the suggested bullish wave, noting that stochastic negativity interprets the reasons of the current sideways fluctuation.

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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