USDCHF attempts positively – Analysis - 17-08-2018

Economies.com
2018-08-17 04:17AM UTC

The USDCHF pair provided positive trading yesterday in attempt to resume the main bullish trend, and the recent trades are confined within sideways track that appears on the chart, as the price needs to breach 0.9980 level to ease the mission of heading towards our main waited target at 1.0055.

 

In general, we will continue to suggest the main bullish trend on the intraday and short term basis unless breaking 0.9850 level and holding below it.

 

Expected trading range for today is between 0.9900 support and 1.0055 resistance.

 

Expected trend for today: Bullish

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