USDCHF resumes rising – Analysis – 06/04/2017

rub-usd-dollarThe USDCHF pair traded with clear positivity yesterday after the sideways fluctuation that we witnessed recently, which supports the continuation of our bullish trend expectation efficiently in the upcoming period, and the way is open for visiting our next main target at 1.0132.

The EMA50 keeps supporting the price from below, to keep the bullish bias preferred on the intraday and short term basis, conditioned by holding above 0.9950 level.

Expected trading range for today is between 0.9970 support and 1.0132 resistance.

Expected trend for today: Bullish

t1

Origin: Economies

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