The USDCHF moves away from the resistance – Analysis - 10-11-2021

Economies.com
2021-11-10 05:29AM UTC

The USDCHF pair trades negatively to move away from the bearish channel’s resistance, reinforcing the expectations of continuing the bearish trend, which targets 0.9060 as a first station, reminding you that breaking this level will lead the price to visit 0.9000 as a next main target.

 

Therefore, the bearish trend will remain valid and active for the upcoming period unless breaching 0.9155 level and holding above it.

 

The expected trading range for today is between 0.9060 support and 0.9155 resistance.

 

The expected trend for today: Bearish

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