The USDCHF approaches the resistance – Analysis - 20-01-2020
Economies.com
2020-01-20 05:58AM UTC
The USDCHF pair continues to rise to approach the key resistance 0.9712, while the EMA50 continues to form negative pressure that supports the chances of continuing the expected bearish trend for the upcoming period, waiting to rebound bearishly to visit 0.9588 mainly.
Therefore, the negative scenario will remain valid and active unless breaching 0.9712 level and holding above it.
The expected trading range for today is between 0.9600 support and 0.9720 resistance.
The expected trend for today: Bearish
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