Forex

The USDCHF tests the resistance – Analysis - 24-11-2020

2020-11-24 02:40:42 GMT (Economies.com)

The USDCHF pair traded positively yesterday to test the resistance line that appears on the chart, as it kept its stability below it, waiting to rebound bearishly to resume the main bearish trend, which its next target located at 0.9010.

 

Stochastic begins to lose the positive momentum, which supports the chances of declining in the upcoming sessions, taking into consideration that the continuation of the bearish wave depends on the price stability below 0.9192.

 

The expected trading range for today is between 0.9050 support and 0.9170 resistance.

 

The expected trend for today: Bearish

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