The USD/CHF breaches the resistance – Analysis – 06/02/2020

forex-news-usd_dollarThe USDCHF pair rallied upwards strongly yesterday to breach 0.9712 level and closes the daily candlestick above it, which leads the price to turn to rise, supported by stochastic positivity, waiting for more rise to head towards 0.9836 as a next positive target.

Therefore, the bullish bias will be suggested for today unless breaking 0.9712 level and holding below it again.

The expected trading range for today is between 0.9700 support and 0.9800 resistance.

The expected trend for today: Bullish

Origin: Economies

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