Forex

The USDCHF resumes the decline – Analysis - 26-10-2020

2020-10-26 03:53:57 GMT (Economies.com)

The USDCHF pair resumed its negative trading after testing the bearish channel’s resistance, to approach our main waited target at 0.9010, waiting for more decline to surpass this level and open the way to head towards 0.8930 as a next negative station.

 

Therefore, the bearish trend will remain valid and suggested in the upcoming sessions unless breaching 0.9090 level and holding above it.

 

The expected trading range for today is between 0.8970 support and 0.9090 resistance.

 

The expected trend for today: Bearish

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