USD CHF visits the sideways’ range support 16/11/2012
Economies.com
2012-11-16 06:26AM UTC
The pair offered negative trading yesterday to reach the sideways range support at 0.9400 that we mentioned in our previous reports, accompanied with stochastic gaining the positive momentum gradually, where it’s approaching from the oversold levels.
In general, as the trading remains limited between 0.9400 and 0.9625, the sideways range will dominate the intraday expectation, pointing that breaching below 0.9400 will push the price negatively and might ease the way for targeting the psychological barrier levels at 0.9000
Expected trading range for today is between: 0.9350 support and 0.9625 resistance.
Expected trend for today: Sideways
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