The USD/CHF hits the second target – Analysis – 10/08/2021

usd_newsThe USDCHF pair rose again to touch the second waited target at 0.9200 and settles around it, noticing that stochastic gathers the positive momentum now, waiting to motivate the price to resume the bullish trend and head towards 0.9260 as a next positive target.

The EMA50 supports the suggested positive scenario, noting that failing to surpass 0.9200 will press on the price to test 0.9135 before any new attempt to rise.

The expected trading range for today is between 0.9150 support and 0.9250 resistance.

The expected trend for today: Bullish

Origin: Economies

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