USDCHF continues to fluctuate – Analysis – 25.10.2016

rub-usd-dollarThe USDCHF pair did not show any strong move in the past two days, to continue fluctuating around 0.9940 level, and as long as the price is above 0.964 level, our bullish overview will remain valid and active until now, supported by the EMA50 that keeps carrying the price from below, waiting to head towards our positive targets that start at 1.0000 and extend to reach 1.0326.

Expected trading range for today is between 0.9864 support and 1.0050 resistance.

Expected trend for today: Bullish

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Origin: Economies

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