The USD/CHF needs the positive momentum – Analysis – 08/06/2023

chf_forexThe USDCHF pair settles above the correctional bullish channel’s support line, to keep the bullish trend scenario active for the upcoming period, waiting to test 0.9130 as a next station, reminding you that breaching this level will push the price to 0.9200 as a next correctional target.

The EMA50 continues to support the expected bullish wave, which will remain valid conditioned by the price stability above 0.9055.

The expected trading range for today is between 0.9020 support and 0.9180 resistance.

The expected trend for today: Bullish

Origin: Economies

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