USD CHF begins with negativity – Analysis - 01/09/2015

The USDCHF pair approached from our first main waited target at 0.9725, but it begins today with a clear bearish bias testing the critical support at 0.9615, where the price affected by stochastic negativity, but we notice that the EMA50 continues to protect the suggested positive scenario in our last reports, which depends on the stability above 0.9580 and 0.9525.

Therefore, we keep preferring the bullish trend in the upcoming period, reminding you that breaching 0.9725 will extend the gains to reach 0.9900 as a next main station.

Expected trading range for today is between 0.9500 support and 0.9725 resistance.

Expected trend for today: Bullish