The USDCHF faces negative pressure – Analysis - 10-09-2020
Economies.com
2020-09-10 03:59AM UTC
The USDCHF pair bounced downwards clearly after facing solid resistance at 0.9192, to retest the previously breached resistance of the main bearish channel, which turns into key support now at 0.9105, as the price needs to consolidate above this level to keep the correctional bullish trend scenario valid for the upcoming period, which its targets begin by breaching 0.9192 to open the way to head towards 0.9305 as a next station.
Therefore, we will continue to suggest the bullish trend for the upcoming period unless the price continued to decline to break 0.9105 and hold with a daily close below it.
The expected trading range for today is between 0.9070 support and 0.9190 resistance.
The expected trend for today: Bullish
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