USDCHF faces the moving average – Analysis - 08-06-2017
Economies.com
2017-06-08 01:02AM UTC
The USDCHF pair provided positive trading to approach from the EMA50 that forms good resistance against the intraday and short term trading, which keeps the bearish trend scenario valid in the upcoming period, waiting for testing 0.9578 level initially, and breaking it represents the extension key for the bearish wave to 0.9347.
In general, the bearish trend will remain valid and active unless breaching 0.9700 level and holding with a daily close above it.
Expected trading range for today is between 0.9530 support and 0.9700 resistance.
Expected trend for today: Bearish
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