USDCHF achieves some bearish correction – Analysis - 05-11-2018
Economies.com
2018-11-05 05:00AM UTC
The USDCHF price provided new negative trades to test 0.9970 level, and it bounced bullishly to settle above 1.0000 again, hinting that the decline was a temporary bearish correction for the last bullish wave, waiting to resume the main bullish trend again.
Therefore, we will keep our overall bullish overview, which its targets begin by breaching 1.0055 to confirm extending the bullish wave towards 1.0105 followed by 1.0170 levels, noting that breaking 0.9970 will push the price for more bearish correction on the short term basis.
Expected trading range for today is between 0.9990 support and 1.0105 resistance.
Expected trend for today: Bullish
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