The USDCHF begins to decline – Analysis - 12-11-2019
Economies.com
2019-11-12 05:45AM UTC
The USDCHF pair shows negative trading after approaching from 0.9990 level, keeping the sidewasy scenario valid until now, and we expect heading to visit the sideways range’s support at 0.9836 in the upcoming sessions.
Stochastic current negativity supports the chances for the expected decline, pointing that breaking the above mentioned support will push the price to achieve more of the downside moves and head towards 0.9712 levels on the near term basis, while breaching 0.9990 will lead the price to resume the main bullish trend that its next target at 1.0070.
The expected trading range for today is between 0.9880 support and 1.0000 resistance.
The expected trend for today: Sideways
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