Today traders are expecting the US GDP, which will be released at 13:30 GMT. In general, expectations are negative, analysts expect GDP to decline by 1.6%, based on the overall environment, this data has a chance, but still, there is a chance that GDP will be slightly higher than expected. The dollar index forms a rebound from trend support, USDCHF reacts to this and breaks the resistance of the bullish pattern: descending wedge. Consolidation of the price above 0.8807 will form the potential for further growth. In this case, the medium-term target will be 0.900 - 0.904.
Resistance levels: 0.8807
Support levels: 0.8742, 0.8684
Against the background of the dollar growth there is technically a high probability of growth of the currency pair, but today it is worth paying attention to the news. GDP above 3.3% will positively affect the growth of the currency pair, and the data below expectations will weaken the price.
Regards R. Linda!
Comentário:
Resistance retest continues
Trade ativo:
The resistance of the wedge is broken.
An impulse of 55 pips is being formed.
An impulse of 55 pips is being formed.
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