The USD/CHF resumes rising – Analysis – 12/08/2020

forex-news-usd_dollarThe USDCHF pair shows new positive trading now to approach our waited target at 0.9213, reinforcing the expectations of continuing the bullish trend in the upcoming period, noting that breaching the mentioned level will push the price to 0.9262 followed by 0.9310 levels as next positive stations.

Therefore, the bullish trend scenario will remain valid and active conditioned by the price stability above 0.9153.

The expected trading range for today is between 0.9130 support and 0.9260 resistance.

The expected trend for today: Bullish

Origin: Economies

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