Morning Insights 8th September

Simon Alagbe


Instrument: USDCHF

The pair tested the weekly high of 0.92040, a level last attained on the 19th of August. The gains recorded on the pair is linked to the 10-year benchmark yield rising to 1.37% despite the global concern around the different variants of Coronavirus and its impact on the economy of the world. 


The pair is trading around a key resistance zone, this zone is expected to push price to the downside with a TP target at 0.91303 before the support and stop-loss at 0.92137 above the resistance zone.


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