USDCHF tests the support – Analysis – 28/04/2016

Dollar1The USDCHF pair continues to fluctuate between the key levels represented by 0.9676 support and 0.9800 resistance, and as we mentioned in our recent reports, the price needs to breach one of these levels to detect the next destination clearly, which makes us continue with our neutrality until now.

Note that breaking 0.9676 level will put the price under negative pressure that targets testing 0.9474 areas initially, while breaching 0.9800 represents positive factor that will push the price to recover and achieve gains that start at 0.9900.

Expected trading range for today is between 0.9620 support and 0.9800 resistance.

Expected trend for today: Depends on the above mentioned levels

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Origin: Economies

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