The USD/CHF tests the moving average – Analysis – 07/02/2020

forex-news-usd_dollarThe USDCHF pair fluctuates around the EMA50 now, and the price needs to surpass this barrier that forms intraday resistance at 0.9750 to confirm the continuation of the bullish wave that targets testing 0.9836 level initially.

Until now, we will continue to suggest the bullish trend conditioned by the price stability above 0.9712, as breaking this level will press on the price to decline again and heads towards 0.9588 as a next negative target.

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

The expected trend for today: Bullish

Origin: Economies

Leave a Reply