The USD/CHF resumes rising – Analysis – 15/04/2019

chf_forexThe USDCHF pair provided negative trades in the previous sessions to approach 0.9990 level, but we notice that the EMA50 formed good support to push the price to rise again, which keeps the bullish trend scenario valid for the upcoming period, which targets 1.0128 level mainly.

We should note that breaking 0.9990 and holding below it will stop the expected rise and put the price under the correctional bearish pressure again.

The expected trading range for today is between 0.9980 support and 1.0080 resistance.

The expected trend for today: Bullish

The USDCHF resumes rising – Analysis - 15-04-2019

Origin: Economies

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