The USD/CHF continues to rise – Analysis – 11/08/2021

forex-news-usd_dollarThe USDCHF pair surpassed 0.9200 level to confirm the continuation of the bullish wave on the intraday and short term basis, and the way is open to achieve our next target at 0.9260, noting that breaching this level will lead the price to achieve more rises on the longer term basis.

Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 0.9200 and holding below it.

The expected trading range for today is between 0.9180 support and 0.9280 resistance.

The expected trend for today: Bullish

Origin: Economies

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