USDCHF keeps its negative stability – Analysis – 15/04/2016

dl-1The USDCHF pair keeps its stability below 0.9676 level, which keeps the negative pressure valid on the intraday and short term basis, waiting to resume the bearish wave that targets testing 0.9474 level as a next main station.

Note that breaching 0.9676 level and holding above it will stop the negative overview and push the price to achieve gains that its initial targets reach to 0.9800.

Expected trading range for today is between 0.9550 support and 0.9720 resistance.

Expected trend for today: Bearish

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Origin: Economies

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