USDCHF under the negative pressure – Analysis – 10/04/2018

DOLLAR4The USDCHF pair achieved a break to 0.9581 level and closed the daily candlestick below it, which puts the price under an expected negative pressure in the upcoming sessions, and the negative tragets begin at 0.9488.

It is important to monitor the price when testing 0.9540 level, where the price failure to break this level will stop the expected decline and pushes the price to attempt to recover again.

Expected trading range for today is between 0.9488 support and 0.9600 resistance.

Expected trend for today: Bearish

USDCHF under the negative pressure – Analysis - 10-04-2018

Origin: Economies

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