The USDCHF hits the target – Analysis 06-09-2023

fed_fomc_1The USDCHF pair succeeded to achieve our waited target at 0.8890 and settles around it, noticing that the price closed the daily candlestick above it, to support the chances of continuing the bullish bias and head to achieve additional gains that reach 0.8995.

Therefore, our bullish overview will remain valid, supported by the EMA50, noting that failing to consolidate above .08890 will push the to test 0.8825 areas again before any new attempt to rise.

The expected trading range for today is between 0.8825 support and 0.8960 resistance.

The expected trend for today: Bullish

Origin: Economies

 

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