USDCHF rebounds from the resistance – Analysis - 17-01-2017
Economies.com
2017-01-17 04:43AM UTC
The USDCHF pair bounced bearishly after retesting 1.0128 level yesterday, to resume its correctional bearish track on the intraday basis, waiting to break 1.0062 level to open the way to test 0.9996 level mainly.
Therefore, our bearish overview will remain valid until now, supported by the negative pressure provided by the EMA50, reminding you that breaching 1.0128 followed by 1.0210 levels will stop the negative overview and push the price to recover on the short term and medium term basis.
Expected trading range for today is between 0.9996 support and 1.0160 resistance.
Expected trend for today: Bearish
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