The USDCHF approaches the target – Analysis 31-10-2023

usd_chf_forex_The USDCHF pair continues to provide the positive trades, noticing that stochastic gains the positive momentum on the four hours’ time frame, waiting to assist to push the price to achieve more rise and surpass our waited target at 0.9066 to open the way to head towards 0.9165.

Therefore, the bullish trend will remain valid and active for the upcoming period, supported by the EMA50, reminding you that it is important to hold above 0.8968 to continue the suggested rise.

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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