The USDCHF approaches the target – Analysis - 21-11-2023

The USDCHF pair shows more bearish bias to approach our first target at 0.8810, reminding you that the price is affected by double top pattern that supports the chances of breaking this level followed by extending the bearish wave to reach 0.8710 as a next main station.

Therefore, the bearish trend scenario will remain valid and active on the intraday and short-term basis, supported by stochastic negativity that appears now, reminding you that it is important to hold below 0.8888 to continue the expected decline.

The expected trading range for today is between 0.8750 support and 0.8890 resistance.

The expected trend for today: Bearish