The USD/CHF hovers around the resistance – Analysis – 21/02/2020

forex-news-usd_dollarThe USDCHF pair keeps fluctuating around 0.9836 level, and we still need positive motive to push the price to continue rising in the upcoming period, as our next target is located at 0.9945.

In general, we will continue to suggest the bullish trend on the intraday and short term basis conditioned by the price consolidation above 0.9836, as failing to hold above it will press on the price to decline again and head towards 0.9712 initially.

The expected trading range for today is between 0.9800 support and 0.9900 resistance.

The expected trend for today: Bullish

Origin: Economies

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