The USD/CHF breaches the resistance – Analysis – 11/08/2020

usd_newsThe USDCHF pair managed to breach 0.9153 level and attempts to hold above it, which supports the continuation of our bullish overview, which targets 0.9213 level as a next positive station.

The EMA50 provides the positive support to the price to reinforce the expectations to rise, noting that breaking 0.9153 followed by 0.9140 levels will press on the price to resume the main bearish trend again.

The expected trading range for today is between 0.9100 support and 0.9220 resistance.

The expected trend for today: Bullish

Origin: Economies

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