USD/CHF within a positive pattern – Analysis – 09/10/2018

forex-news-usd_dollarThe USDCHF pair’s recent trades are confined within bullish pennant pattern that appears on the minor image, which means that breaching 0.9940 will provide good positive motive that reinforces the chances of continuing the expected bullish trend on the intraday and short term basis, which its next target located at 0.9965.

Therefore, we will continue to suggest the bullish trend in the upcoming sessions conditioned by the price stability above 0.9850, reminding you that surpassing the mentioned target will push the price towards 1.0055 as a next station.

Expected trading range for today is between 0.9870 support and 1.0000 resistance.

Expected trend for today: Bullish

USDCHF within a positive pattern – Analysis - 09-10-2018

Origin: Economies

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