The USDCHF continues to rise – Analysis 30-10-2023

rub-l11The USDCHF pair shows more bullish bias to approach our waited target at 0.9066, and we need to monitor the price at this level, as breaching it represents the key to continue the bullish wave and achieve additional gains that reach 0.9165.

Therefore, the bullish trend scenario will remain active on the intraday basis, noting that breaking 0.8968 will stop the expected rise and push the price to achieve more bearish correction.

The expected trading range for today is between 0.8970 support and 0.9100 resistance.

The expected trend for today: Bullish

Origin: Economies

 

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