USDCHF builds support base – Analysis – 17/11/2016

forex-news-usd_dollarThe USDCHF pair settles above 1.0000 after confirming breaching it through getting daily closes above it, thus, the bullish trend scenario will remain valid efficiently in the upcoming period, waiting to get enough positive momentum to push the price to resume the bullish wave that its next main target located at 1.0326.

In general, the suggested rise will remain valid unless breaking 0.9950 followed by 0.9864 levels and holding below them.

Expected trading range for today is between 0.9950 support and 1.0100 resistance.

Expected trend for today: Bullish

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Origin: Economies

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