The USD/CHF consolidates – Analysis – 25/02/2020

usd_newsThe USDCHF pair keeps its stability above the EMA50, noticing that stochastic gets rid of its negative momentum to approach the oversold areas, which forms positive motive that we are waiting to assist to push the price to rise again, reminding you that we need to breach 0.9836 to confirm the extension of the bullish wave towards 0.9945.

Therefore, we will keep our bullish overview unless breaking 0.9775 level and holding below it.

The expected trading range for today is between 0.9760 support and 0.9870 resistance.

The expected trend for today: Bullish

Origin: Economies

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