The USDCHF tests the resistance again – Analysis - 27-01-2020
Economies.com
2020-01-27 05:53AM UTC
The USDCHF pair hovers around 0.9712 level, and stochastic moves near the overbought areas, while the EMA50 forms continuous negative pressure against the price.
Therefore, these factors encourage us to keep our bearish overview, which targets 0.9588 level as a next station, noting that breaching 0.9712 and holding above it will lead the price to start recovery attempts and achieve positive targets that start at 0.9836.
The expected trading range for today is between 0.9620 support and 0.9740 resistance.
The expected trend for today: Bearish
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