The USDCHF keeps its negative stability – Analysis - 01-04-2020
Economies.com
2020-04-01 04:53AM UTC
The USDCHF pair attempted to breach 0.9626 level but it managed to close the daily candlestick below it, which keeps the correctional bearish scenario active on the intraday and short term basis, supported by the negative pressure formed by the EMA50, waiting to head towards 0.9541 as a next target.
We should note that confirming breaching 0.9626 will stop the current bearish correction and leads the price to resume the main bullish track.
The expected trading range for today is between 0.9500 support and 0.9660 resistance.
The expected trend for today: Bearish
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