USDCHF needs the positive motive – Analysis – 19.10.2016

DOLLAR5The USDCHF pair keeps its stability above 0.9864 level, showing sideways and tight trading affected by stochastic negativity, waiting to gather enough positive momentum to push the price to resume the main bullish trend, which depends on the stability above the mentioned level.

Our waited positive targets begin at 1.0000 and extend to 1.0326.

Expected trading range for today is between 0.9815 support and 1.0000 resistance.

Expected trend for today: Bullish

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Origin: Economies


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