The USD/CHF awaits the breach confirmation – Analysis – 11/08/2023

forex-news-usd_dollarThe USDCHF pair tested the key support 0.8700 yesterday and bounced upwards clearly from there, to settle around 0.8775 again, waiting to confirm breaching this level to open the way to achieve more bullish correction that its next target reaches 0.8825.

Therefore, our bullish overview will remain valid and active, reminding you that it is important to hold above 0.8720 – 0.8700 levels to continue the expected rise.

The expected trading range for today is between 0.8700 support and 0.8840 resistance.

The expected trend for today: Bullish

Origin: Economies

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