The USDCHF attempts to recover – Analysis - 05-11-2019
Economies.com
2019-11-05 05:46AM UTC
The USDCHF pair shows calm positive trades to move away from 0.9836 support line, on its way towards potential test to 0.9990 resistance, and as we mentioned in our recent reports, these levels represent the lines of the sideways range that dominates the intraday trades, to keep the sideways scenario valid until now.
We remind you that breaking the mentioned support will press on the price to return to the correctional bearish track that its next target located at 0.9712, while breaching the resistance will push the price to achieve new positive targets that start at 1.0070.
The expected trading range for today is between 0.9830 support and 0.9940 resistance.
The expected trend for today: Sideways
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