The USD/CHF continues to rise – Analysis – 11/01/2021

usd_chf_forex_1The USDCHF pair managed to surpass 0.8860 level to confirm opening the way to head towards our waited positive targets that start at 0.8930 followed by 0.8975, waiting for more rise in the upcoming sessions, supported by the EMA50 that carries the price from below.

On the other hand, we should note that the continuation of the bullish wave depends on the price stability above 0.8860 and the most important above 0.8805 levels.

The expected trading range for today is between 0.8840 support and 0.8950 resistance.

The expected trend for today: Bullish

Origin: Economies

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