USDCHF awaits the break – Analysis - 18-04-2017
Economies.com
2017-04-18 04:14AM UTC
The USDCHF pair tested the key support 1.0010 without managing to break it, reminding you that this level represents the neckline of the double top pattern that appears on chart, thus, we are waiting to break this level to confirm extending the bearish wave towards 0.9935 as a next main station.
In general, we will continue to suggest the bearish trend in the upcoming period unless breaching 1.0070 level and holding above it, noting that breaking the targeted level will extend the pair's losses to reach 0.9864.
Expected trading range for today is between 0.9960 support and 1.0070 resistance.
Expected trend for today: Bearish
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