The USDCHF at the support line – Analysis 30.04.2020

prognoz dollar2The USDCHF pair provided positive trades yesterday but it returns to test the key support 0.9730, keeping its stability above it until now, as the EMA50 meets this support to add more strength to it, waiting to resume the bullish wave that its next target located at 0.9900.

Holding above 0.9730 is important to continue the expected rise, as breaking it will press on the price to return to the correctional bearish track that its first target located at 0.9626.

The expected trading range for today is between 0.9700 support and 0.9820 resistance.

The expected trend for today: Bullish

Origin: Economies

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