The USD/CHF surpasses the target – Analysis – 09/08/2021

rub-l11The USDCHF pair rallied upwards strongly to succeed achieving our waited target at 0.9135 and breaches it to settle above it, opening the way to achieve more gains that reach 0.9200 as a next station.

Stochastic and the EMA50 support the expected rise, which will remain valid unless breaking 0.9135 and holding below it.

The expected trading range for today is between 0.9100 support and 0.9200 resistance.

The expected trend for today: Bullish

Origin: Economies

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