The USDCHF attempts to recover – Analysis - 24-07-2019

Economies.com
2019-07-24 03:48AM UTC

The USDCHF pair breached 0.9836 level clearly and settled above it, to turn to rise on the intraday basis, on its way to test 0.9885 level initially, noting that breaching this level will extend the bullish wave to target 0.9990 areas on the near term basis.

 

Therefore, the bullish trend will be expected for today unless breaking 0.9836 level and holding below it again.

 

The expected trading range for today is between 0.9820 support and 0.9940 resistance.

The expected trend for today: Bullish

Forex and Currency News

EUR/USD news

Forex

Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
USD/JPY news

Forex

Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex News

Forex

US Dollar extends losses after inflation data
2024-05-15 20:25PM UTC
The US dollar fell against most major rivals on Wednesday, extending losses after the release of US ...

Forex Technical Analysis

USD CHF Analysis

Forex

The USDCHF price consolidates above the support – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for USDCHF Expected Scenario The USDCHF price couldn’t manage to ...
NZD USD Analysis

Forex

The NZDUSD price needs the positive momentum – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for NZDUSD Expected Scenario The NZDUSD price shows sideways trades in the ...
AUD USD Analysis

Forex

The AUDUSD price heads towards resting the neckline – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for AUDUSD Expected Scenario The AUDUSD price faces temporary negative ...