USDCHF tests the resistance – Analysis - 05-12-2018
Economies.com
2018-12-05 05:18AM UTC
The USDCHF price returns to test the key resistance 0.9990 now, which urges caution from the upcoming trades, as confirming breaching this level will stop the correctional bearish scenario and lead the price to regain the main bullish trend again.
We prefer staying aside temporarily until the price confirm its situation to the mentioned resistance, noting that breaching it will push the price towards 1.0055 followed by 1.0128 levels as next main positive targets, while holding below it will push the price to decline again and head towards 0.9900 initially.
Expected trading range for today is between 0.9920 support and 1.0055 resistance.
Expected trend for today: Neutral
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