The USDCHF hovers around the resistance – Analysis - 06-01-2020
Economies.com
2020-01-06 05:28AM UTC
The USDCHF pair continues to fluctuate around 0.9712 level, and as we mentioned in our recent reports, the price needs to hold below this level to keep the negative scenario active for the upcoming period, which targets 0.9588 areas mainly.
On the other hand, we should note that breaching 0.9712 would lead the price to start new recovery attempts that target testing 0.9836 level initially.
The expected trading range for today is between 0.9630 support and 0.9750 resistance.
The expected trend for today: Bearish
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