USDCHF surpasses the first target – Analysis – 17.08.2016

prognoz dollar3The USDCHF pair continued its negative pressure yesterday to succeed to close the daily candlestick below 0.9634 level, which confirms opening the way to extend the negative trading to target the previously recorded low at 0.9442.

Therefore, we will continue to suggest the bearish trend in the upcoming period as long as 0.9752 level remains intact, noting that the EMA50 keeps supporting the suggested bearish wave.

Expected trading range for today is between 0.9500 support and 0.9700 resistance.

Expected trend for today: Bearish

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Origin: Economies

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