USDCHF declines calmly – Analysis - 12-09-2018

Economies.com
2018-09-12 04:19AM UTC

The USDCHF pair begins to rebound bearishly after testing 0.750 level in the previous sessions, attempting to break 0.9723 level, which supports the continuation of the bearish trend expectations in the upcoming sessions, waiting to head towards 0.9620 that represents our next main station.

 

On the other hand, we should note that breaching 0.9750 will push the price to test 0.9850 areas before any new attempt to decline.

 

Expected trading range for today is between 0.9650 support and 0.9800 resistance.

Expected trend for today: Bearish

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