The USDCHF under the negative pressure – Analysis - 05-12-2019
Economies.com
2019-12-05 05:42AM UTC
The USDCHF pair declined yesterday to approach our waited target 0.9836 again, fluctuating around 0.9880 now, waiting to resume the negative attempts in the upcoming sessions to touch the mentioned target, reminding you that surpassing this level will lead the price to achieve more decline and target 0.9712 areas on the near term basis.
On the other hand, we should note that the stability of 0.9836 level against the negative pressure will push the price to rebound bullishly and head towards 0.9990 areas mainly.
The expected trading range for today is between 0.9820 support and 0.9920 resistance.
The expected trend for today: Bearish
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