USDCHF shows mixed trading – Analysis - 04-12-2017

The USDCHF pair declined sharply on last Friday to break 0.9800 and reach 0.9730 direct, but it opens today's trading with bullish gap that puts the price above the key support 0.9800, which keeps our neutrality valid until now, noting that we need to confirm breaking the mentioned support or breaching 0.9892 resistanec to detect our next targets clearly.

We remind you that breaking the mentioned support will push the price to head towards 0.9730 again as a next correctional target, and extends to reach 0.9656 after breaking the previous level, while breaching the resistance will open the way to return to the main bullish trend again, to start the positive targets at 1.0038.

Expected trading range for today is between 0.9730 support and 0.9920 resistance.

Expected trend for today: Depends on the above mentioned levels