Forex

The USDCHF gathers the positive momentum – Analysis - 18-09-2020

2020-09-18 03:32:08 GMT (Economies.com)

The USDCHF pair provided negative trades yesterday to move below the EMA50, noticing that stochastic got rid of its negative momentum to enter the oversold areas, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which targets testing 0.9192 level mainly.

 

Holding above 0.9055 is important to continue the suggested rise, as breaking it will push the price back to the main bearish channel and press on the price to resume the main bearish track.

 

The expected trading range for today is between 0.9055 support and 0.9160 resistance.

 

The expected trend for today: Bullish

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