The USDCHF resumes the decline – Analysis - 08-12-2021

Economies.com
2021-12-08 05:18AM UTC

The USDCHF pair resumes its negative trading to move away from 0.9265 level, reinforcing the expectations of continuing the bearish trend, which its targets begin at 0.9200, reminding you that breaking this level will push the price to 0.9140 as a next negative target.

 

Therefore, the bearish trend scenario will remain valid unless breaching 0.9265 and holding above it.

 

The expected trading range for today is between 0.9170 support and 0.9270 resistance.

 

The expected trend for today: Bearish

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