The USD/CHF faces solid resistance – Analysis – 24/02/2020

chf_forexThe USDCHF pair finds difficulty to surpass 0.9836 level, to trade negatively and leans on the EMA50, waiting to rebound bullishly now to breach the mentioned leve land open the way to continue the bullish trend on the intraday basis, noting that our next target is located at 0.9945.

Stochastic begins to get rid of its negative momentum to support the expectations to rise, noting that breaking 0.9775 will press on the price to achieve more decline and test 0.9712 level as a first negative station.

The expected trading range for today is between 0.9760 support and 0.9880 resistance.

The expected trend for today: Bullish

Origin: Economies

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