USDCHF gets the positive momentum – Analysis - 30-07-2018

Economies.com
2018-07-30 03:54AM UTC

The USDCHF pair shows calm positive trading in attempt to move away from the bullish channel’s support line, getting positive signals through stochastic, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, which targets testing 1.0055 as a next main station.

 

The continuation of the bullish trend depends on holding above 0.9915 and 0.9850 levels, as breaking the last one will push the price to return to the correctional bearish track that its next target located at 0.9723.

 

Expected trading range for today is between 0.9900 support and 1.0020 resistance.

 

Expected trend for today: Bullish

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