The USD/CHF breaks the support – Analysis – 05/10/2021

usd_newsThe USDCHF pair managed to achieve our waited target at 0.9265 and surpassed it to test the bullish trend line that appears on the chart, noticing that the price consolidated above this support and provides clear positive trades, motivated by stochastic positivity, which encourages us to suggest more rise in the upcoming sessions, and it needs to breach 0.9265 to confirm continuing the rise towards 0.9345.

On the other hand, we should note that breaking 0.9255 will stop the expected positive scenario and press on the price to turn to decline.

The expected trading range for today is between 0.9220 support and 0.9320 resistance.

The expected trend for today: Bullish

Origin: Economies

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