USD / CHF Testing Support - Analysis - 08-08-2018

The USDCHF is back to test the support of the ascending channel. We note that the SMA 50 provides positive support to protect the suggested bullish scenario scenario in our recent reports, awaiting the resumption of the bullish trend with the next target at 1.0055.

Keep in mind that breaking 0.9935 will temporarily halt the expected rally and push the price to visit the 0.9850 level before any new positive attempt.

The trading range for today is among the key support at 0.9880 and resistance at 1.0020

The general trend for today is bullish