The USDCHF keeps its negative stability – Analysis - 02-06-2020
Economies.com
2020-06-02 04:16AM UTC
The USDCHF pair tested 0.9626 level and kept its stability below it, accompanied by stochastic loss to the positive momentum and reaching the overbought areas, while the EMA50 keeps pressing negatively on the price.
Therefore, the chances valid to resume the expected bearish trend for the upcoming period, which its next target locted at 0.9541, while holding below 0.9626 represents key condition to achieve it.
The expected trading range for today is between 0.9540 support and 0.9650 resistance.
The expected trend for today: Bearish
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