The USD/CHF presses on the support – Analysis – 26/02/2020

news_usdThe USDCHF pair attempted to break 0.9775 level but it returns to fluctuate above it, accompanied by Stochastic reach to the oversold areas, waiting to motivate the price to resume the bullish bias on the intraday basis, which targets testing 0.9836 level initially.

Therefore, we will continue to suggest the bullish trend for today, noting that breaking 0.9775 will press on the price to visit 0.9712 before any new attempt to rise.

The expected trading range for today is between 0.9720 support and 0.9850 resistance.

The expected trend for today: Bullish

Origin: Economies

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