USDCHF keeps declining – Analysis - 14-03-2018

The USDCHF pair continues to provide the negative trading to start testing the correctional bullish channel’s support that appears on the chart, noting that breaking this support at 0.9415 will provide strong negative motive that supports the chances of continuing the bearish trend on the intraday and short term basis, reminding you that our next station is located at 0.9373.

Therefore, the bearish trend will remain suggested in the upcoming sessions unless breaching 0.9488 and holding above it, noting that breaking the targeted level will extend the bearish wave to reach 0.9300 followed by 0.9186.

Expected trading range for today is between 0.9350 support and 0.9488 resistance.

Expected trend for today: Bearish