USDCHF attempts positively – Analysis - 21-11-2017
Economies.com
2017-11-21 04:41AM UTC
The USDCHF pair provided positive trades yesterday to move above the correctional bearish channel's resistance now, but it's still below the main bullish channel's support line that appears on the chart, while stochastic shows clear overbought signals now.
Therefore, these factors encourage us to keep our bearish overview on the intraday and short term basis, and the price needs to break 0.9892 level to confirm heading towards 0.9800 as a next main station, noting that breaching 0.9980 will stop the negative overview and push the price to regain the main bullish trend again.
Expected trading range for today is between 0.9830 support and 0.9980 resistance.
Expected trend for today: Bearish
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