USD CHF achieves intraday gains – Analysis - 27/08/2015
Economies.com
2015-08-27 05:06AM UTC
The USDCHF pair continued to rise yesterday to test 50% Fibonacci level that turned into resistance after breaking it previously, accompanied by getting clear overbought signals through stochastic, which puts the price under negative pressure that we are expecting to push it to resume the bearish bias, waiting to visit 0.9440 followed by 0.9330 levels in the upcoming period.
Note that breaching 0.9530 followed by 0.9615 levels will stop the negative scenario and lead the price to regain its bullish track.
Expected trading range for today is between 0.9400 support and 0.9615 resistance.
Expected trend for today: Bearish
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