USDCHF tests the support – Analysis - 17-04-2018

The USDCHF pair tested the key support 0.9581 yesterday, which represents one of the next trend keys besides 0.9675 resistance, and as we mentioned in our recent reports, the price needs to breach one of these levels to detect its next targets clearly.

Therefore, we will continue with our neutrality until we get clearer signal for the next trend, reminding you that breaking 0.9581 support will push the price to decline again, to start the negative targets at 0.9488 and extend to 0.9373, while breaching 0.9675 resistance will extend the pair’s gains to reach 0.9790 direct.

Expected trading range for today is between 0.9530 support and 0.9675 resistance.

Expected trend for today: Depends on the above mentioned levels