USD/CHF breaches the resistance – Analysis – 24/08/2018

uasd-jpyThe USDCHF pair breached 0.9850 level and closed the daily candlestick above it, to stop the recently suggested negative pressure and lead the price to recover again, targeting visiting 0.9990 followed by 1.0055 levels mainly.

Therefore, the bullish bias will be suggested for today unless breaking 0.9850 level and holding below it again.

Expected trading range for today is between 0.9800 support and 0.9940 resistance.

Expected trend for today: Bullish

USDCHF breaches the resistance – Analysis - 24-08-2018

Origin: Economies

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