The USDCHF retests – Analysis - 25-03-2020

The USDCHF pair retested the broken support of the rising wedge mentioned yesterday and kept its stability below it, as it begins today with bearish bias that hints heading to resume the correctional bearish wave, noting that stochastic provides negative overlapping signal now, to support the chances of achieving more decline today.

Therefore, we will keep our bearish overview in the upcoming sessions, and the targets begin at 0.9730 and extend to 0.9626 after surpassing the first level, reminding you that it is important to hold below 0.9860 to continue the suggested decline.

The expected trading range for today is between 0.9700 support and 0.9860 resistance.

The expected trend for today: Bearish