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USDCHF awaits the break – Analysis - 02-08-2016
The USDCHF pair shows sideways and tight trading since yesterday settling around 0.9675, while the EMA50 continues to push negatively on the price, which supports the chances of continuing the main bearish trend in the upcoming period, waiting to break 0.9634 level to confirm opening the way to head towards 0.9442 level on the near term basis.
In general, we will continue to suggest the bearish bias in the upcoming sessions unless we witnessed clear breach and hold above 0.9752 – 0.9790 levels.
Expected trading range for today is between 0.9550 support and 0.9752 resistance.
Expected trend for today: Bearish
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NZDUSD completes positive formation – Analysis - 02-08-2016
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