USDCHF achieves some gains. Analysis – 11/06/2018

chf_forexThe USDCHF pair showed clear rise on last Friday to test the key resistance 0.9870, but it bounced bearishly from there to settle below 0.9850, which keeps the bearish trend scenario valid for the upcoming period, organized inside the bearish channel that appears on the chart.

Therefore, we are waiting for negative trades for today, and the next main target is located at 0.9723, noting that it is important to hold below 0.9870 to continue the expected decline

Expected trading range for today is between 0.9760 support and 0.9880 resistance.

Expected trend for today: Bearish

USDCHF achieves some gains – Analysis - 11-06-2018

Origin: Economies

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