USD CHF tests the resistance 15/01/2013

Economies.com
2013-01-15 05:40AM UTC

The pair showed positive bias yesterday to trade now near the bearish channel’s resistance that appears on the above chart, while EMA50 meets this resistance to add more strength to it, which encourages us to continue with the bearish trend expectations as long as trading is stable below the 0.9280 level.

 

Breaching above the mentioned level will open the door to new retest process to 0.9400 level, while breaking below 0.9180 will ease the way to head towards the main target at 0.9000

 

Expected trading range for today is between: 0.9000 support and 0.9280 resistance.

 

Expected trend for today: Bearish

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