USDCHF loses momentum – Analysis - 13-10-2017
Economies.com
2017-10-13 03:54AM UTC
The USDCHF pair provided some slight positive trading yesterday to test 0.9770 and kept its stability below it, accompanied by stochastic losing the positive momentum on the four hours time frame, to support the continuation of the negative effect of the previously completed rising wedge pattern, waiting to resume the bearish trend in the upcoming sessions.
The waited targets begin at 0.9625 followed by 0.9578, noting that breaching 0.9770 will push the price to resume the bullish track that started from the recently recorded low at 0.9420.
Expected trading range for today is between 0.9650 support and 0.9770 resistance.
Expected trend for today: Bearish
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