The USDCHF resumes the decline – Analysis - 20-11-2023

Economies.com
2023-11-20 04:13AM UTC

The USDCHF pair resumes its negative trading to move away from the broken neckline of the double top pattern, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, approaching the first waited target at 0.8810, noting that we suggest surpassing this level to open the way to visit 0.8710 as a next negative target.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 0.8888.

 

The expected trading range for today is between 0.8760 support and 0.8900 resistance.

 

The expected trend for today: Bearish

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