The USDCHF tests the support – Analysis - 11-12-2019
Economies.com
2019-12-11 05:42AM UTC
The USDCHF pair showed a new decline yesterday to test the critical support at 0.9836, keeping its stability above it until now, noticing that stochastic shows positive signals that we wait to assist to push the price to bounce higher and resuming the expected bullish trend on the intraday basis.
Therefore, we will keep the positive scenario that targets 0.9990 level, conditioned by holding above 0.9836, where breaking this level will push the price to make some of the bearish correctional moves and head to 0.9712 levels on the near term basis.
The expected trading range for today is between 0.9800 support and 0.9920 resistance.
The expected trend for today: Bullish
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