The USD/CHF approaches the target – Analysis – 17/04/2020

forex-news-usd_dollarThe USDCHF pair provided more positive trades yesterday to approach our waited target at 0.9730, starting today with slight bearish bias affected by stochastic negativity, waiting to get enough positive momentum to push the price to rise again.

In general, we will continue to suggest the bullish trend for the upcoming period unless breaking 0.9626 level and holding below it, noting that breaching 0.9730 is required to confirm rallying towards 0.9900 that represents the next main positive station.

The expected trading range for today is between 0.9600 support and 0.9770 resistance.

The expected trend for today: Bullish

Origin: Economies

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