USDCHF awaits the confirmation signal – Analysis - 30-11-2017

The USDCHF pair fluctuates around the EMA50 since yesterday, and the price still stuck between the key levels represented by 0.9800 support and 0.9892 resistance, and as we mentioned in our last report, the price needs to breach one of these levels to detect its next destination clearly, which makes us continue with our neutrality until now.

We remind you that breaking the mentioned support will push the price to extend the bearish correction towards 0.9730 direct, while breaching the resistance will lead the price to regain the main bullish track that its first target represented by testing the recently recorded top at 1.0038.

Expected trading range for today is between 0.9760 support and 0.9920 resistance.

Expected trend for today: Depends on the above mentioned levels