The USDCHF is recovering – Analysis 13-10-2023

forex-news-usd_dollarThe USDCHF pair rallied upwards strongly yesterday to breach 0.9066 and settles above it, to stop the correctional bearish scenario and head towards resuming the main bullish trend again, on its way to achieve gains that start at 0.9165 and extend to 0.9225.

Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected rise, which will remain valid conditioned by the price stability above 0.9066.

The expected trading range for today is between 0.9000 support and 0.9150 resistance.

The expected trend for today: Bullish

Origin: Economies

 

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