USDCHF declines calmly – Analysis – 26/04/2016

chf_forexThe USDCHF pair trades with slight negativity after reaching 0.9800 resistance, heading towards the key support 0.9676, and as we mentioned yesterday, the price needs to breach one of these levels to detect its next destination clearly, which makes us continue with our neutrality until we get clearer confirmation signal.

We remind you that breaching the mentioned resistance will push the price to achieve more bullish bias that its next target located at 0.9900, while breaking the support represents negative factor that will push the price to head towards 0.9474 as a next main target.

Expected trading range for today is between 0.9676 support and 0.9850 resistance.

Expected trend for today: Depends on the above mentioned levels

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Origin: Economies

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