The USD/CHF attempts to recover – Analysis – 05/09/2022

rub-l11The USDCHF pair returns to rise after approaching the bullish channel’s support line that appears on the chart, to hint heading to resume the main bullish wave within the mentioned channel, and the price needs to breach 0.9860 to confirm rallying towards 1.0000 areas as a next main station.

Therefore, we expect to witness positive trades in the upcoming sessions unless breaking 0.9765 and holding below it.

The expected trading range for today is between 0.9780 support and 0.9900 resistance.

The expected trend for today: Bullish

Origin: Economies

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