The USDCHF approaches the target – Analysis - 30-10-2020

The USDCHF pair rallied upwards after confirming breaching 0.9090 level, to approach our waited target at 0.9190, showing some slight bearish bias now affected by stochastic negativity, waiting to get enough positive momentum to push the price to resume the positive trades and touch the mentioned target.

Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 0.9090, noting that breaching 0.9190 will extend the bullish wave to target 0.9305 areas on the near term basis.

The expected trading range for today is between 0.9090 support and 0.9200 resistance.

The expected trend for today: Bullish