USDCHF extends its positive attempts – Analysis - 29-11-2017

The USDCHF pair traded with clear positivity yesterday, attacking the bearish correctional channel resistance that appears in the image, and it begins today with more of the bullish moves to move above this resistance now, providing signals for heading to achieve more of the gains and attempt to stop the bearish correctional wave that controls the trading.

Therefore, we prefer staying aside temporarily in order to get clearer signal for the next trend, which we will get it by braeching 0.9892 resistance or breaking 0.9800 support, where breaching this resistnace will confirm the return to the main bullish trend that its next target at 1.0038, while breaking the support will push the price to continue its bearish correction, targeting 0.9730 level as a next station.

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

Expected trend for today: Depends on the above mentioned levels