The USDCHF completes the negative pattern – Analysis - 16-11-2023
2023-11-16 04:09AM UTC

The USDCHF pair managed to break 0.8888 and hold below it, to get negative motive that supports the continuation of the decline and head towards our next negative target at 0.8810, reminding you that breaking this level will push the price to 0.8710 as a next target.


Stochastic loses the positive momentum clearly to support the expectations to decline, noting that breaching 0.8888 will stop the expected negative pressure and push the price to recover.



The expected trading range for today is between 0.8880 support and 0.8950 resistance.


The expected trend for today: Bearish

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