The USDCHF surpasses the target – Analysis 01-09-2023

prognoz dollar2The USDCHF pair succeeded to achieve our waited target at 0.8825 and breached it to settle above it, to open the way to continue the rise and achieve additional gains that reach 0.8890.

Moving above the EMA50 supports the suggested positive scenario, noting that breaking 0.8825 will push the price to decline towards 0.8775 areas before any new attempt to rise.

The expected trading range for today is between 0.8780 support and 0.8910 resistance.

The expected trend for today: Bullish

Origin: Economies

 

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