The USDCHF begins positively – Analysis 08-01-2024

dl-1The USDCHF pair breached the bullish pennant’s resistance line clearly, to get positive motive that supports the chances of continuing the expected bullish trend for today, reminding you that our next main target reaches 0.8700.

Therefore, we will continue to suggest the bullish trend on the intraday basis, reminding you that it is important to hold above 0.8450 to the continuation of the expected rise.

The expected trading range for today is between 0.8430 support and 0.8600 resistance.

The expected trend for today: Bullish

Origin: Economies

 

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