The USD/CHF attempts to breach – Analysis – 19/02/2020

forex-news-usd_dollarThe USDCHF pair touches 0.9836 level now and attempts to breach it, waiting to confirm surpassing this level to open the way to achieve more positive targets, which reach 0.9945 on the near term basis.

In general, we will continue to suggest the bullish trend on the intraday and short term basis, taking into consideration that failing to breach 0.9836 will press on the price to rebound bearishly and head towards 0.9712 areas mainly.

The expected trading range for today is between 0.9780 support and 0.9890 resistance.

The expected trend for today: Bullish

Origin: Economies

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