The USD/CHF reaches the target – Analysis – 17/02/2020

chf_forexThe USDCHF pair resumed its positive trading clearly to reach the thresholds of the waited target at 0.9836, and we suggest surpassing this level to open the way to achieve more gains that reach 0.9945, as the price gets good positive support by the EMA50.

Therefore, the positive scenario will remain suggested for the upcoming period, noting that failing to breach 0.9836 will press on the price to rebound bearishly and head towards 0.9712 on the near term basis.

The expected trading range for today is between 0.9780 support and 0.9880 resistance.

The expected trend for today: Bullish

Origin: Economies

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