USDCHF keeps the support base – Analysis – 01.11.2016

rub-l11The USDCHF pair settles above 0.9864 level, while stochastic begins to touch the oversold areas, while the EMA50 continues to carry the price from below.

Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming period, which its targets begin by breaching the psychological barrier at 1.0000 to open the way to head towards 1.0326, noting that holding above 0.9864 represents the most important condition to achieve the suggested targets.

Expected trading range for today is between 0.9825 support and 0.9970 resistance.

Expected trend for today: Bullish

81

Origin: Economies

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