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USDCHF tests the resistance – Analysis - 19-10-2017
The USDCHF pair continued its positive trading to test the key resistance 0.9815 and keeps its stability below it until now, which keeps the bearish trend scenario valid until now, waiting to break 0.9700 level to confirm the continuation of the bearish bias towards 0.9625 followed by 0.9578, which represent our next main targets.
We should note that breaching 0.9815 will lead the price to turn its short term trend to rise, to start the positive targets at 0.9900 and extend to 1.0030.
Expected trading range for today is between 0.9700 support and 0.9864 resistance.
Expected trend for today: Bearish
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