USDCHF rallies towards the resistance – Analysis - 18-04-2018

Economies.com
2018-04-18 03:57AM UTC

The USDCHF pair traded with strong positivity yesterday to test the key resistance 0.9675, which represents 61.8% Fibonacci correction level for the decline from 0.9976 to 0.9186, to keep the price stuck between the key levels represented by the mentioned resistance and 0.9581 support, which makes us continue with our neutrality until the price manages to breach one of the mentioned levels.

 

To review the details of the upcoming targets after the breach, please check our morning report.

 

Expected trading range for today is between 0.9580 support and 0.9740 resistance.

 

Expected trend for today: Depends on the above mentioned levels

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