The USDCHF resumes the rise – Analysis 17-08-2023

usd_chf_forex_The USDCHF pair resumes its positive trading to approach 0.8825 level, waiting to get positive motive to assist to breach this level and open the way to head towards the next correctional level at 0.8890.

Therefore, we will continue to suggest the bullish trend for the upcoming period, which gets good support by the EMA50, reminding you that it is important to hold above 0.8775 as a first condition to continue the bullish wave.

The expected trading range for today is between 0.8750 support and 0.8880 resistance.

The expected trend for today: Bullish

Origin: Economies

 

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