USD/CHF awaits confirming the break – Analysis – 05/06/2018

chf_forexThe USDCHF pair showed new attempt to break 0.9850 level yesterday and returns to fluctuate above it, noticing that the price moves inside a minor bearish channel that we are waiting to assist to break the mentioned level followed by pushing the price towards 0.9723 that represents our next main target

Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless breaching 0.9850 level and holding above it.

Expected trading range for today is between 0.9800 support and 0.9950 resistance.

USDCHF awaits confirming the break – Analysis - 05-06-2018

Origin: Economies

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