The USDCHF under the negative pressure – Analysis - 05-11-2020
Economies.com
2020-11-05 05:10AM UTC
The USDCHF pair found difficulty to surpass 0.9192 level after the second attempt to breach, to rebound downwards clearly and start testing the support line that appears on the chart, which hints the price head to resume the main bearish track, which targets visiting 0.9010 areas initially.
Therefore, the bearish bias will be expected for today, and breaking 0.9100 will confirm the continuation of the expected decline, taking into consideration that breaching 0.9192 will stop the expected decline and leads the price to achieve more bullish correction on the intraday and short term basis.
The expected trading range for today is between 0.9030 support and 0.9190 resistance.
The expected trend for today: Bearish
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