The USD/CHF resumes rising – Analysis – 03/05/2019

usd_new_1The USDCHF pair managed to surpass the EMA50 and hold above it, which supports the continuation of the bullish trend in the upcoming period, and we believe that the way is open to achieve our main waited target at 1.0280.

Holding above 1.0128 is important to continue the suggested rise, as breaking it will press on the price to turn to decline and visit 1.0020 and might reach 0.9900 before any new positive attempt.

The expected trading range for today is between 1.0150 support and 1.0260 resistance.

The expected trend for today: Bullish

The USDCHF resumes rising – Analysis - 03-05-2019

Origin: Economies

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