USDCHF keeps its negative stability – Analysis - 20-03-2017

The USDCHF pair settles below 0.9973 level, to keep the negative pressure valid on the intraday and short term basis, waiting to resume the bearish bias that targets visiting the recently recorded low at 0.9859 as a next main station.

Therefore, we will continue to suggest the bearish trend in the upcoming period, supported by the EMA50 and stochastic negativity, noting that the continuation of the bearish wave conditions holding below 0.9973 and the most important below 1.0043.

Expected trading range for today is between 0.9859 support and 1.0000 resistance.

Expected trend for today: Bearish