USDCHF faces the moving average – Analysis - 22-06-2016
Economies.com
2016-06-22 00:52AM UTC
The USDCHF pair provided slight positive trading to approach from testing the EMA50 that forms a good intraday resistance at 0.9635, which protects the suggested bearish trend scenario in our last reports, accompanied by hitting the overbought levels by stochastic.
Therefore, we believe that the chances available for trading negatively in the upcoming sessions, and the main target of the current bearish wave that located at 0.9474, pointing that holding below 0.9676 represents an important condition for continuing the suggested decline.
Expected trading range for today is between 0.9500 support and 0.9700 resistance.
Expected trend for today: Bearish
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