The USD/CHF resumes the decline – Analysis – 03/06/2019

chf_forexThe USDCHF pair resumed its decline strongly after succeeding to break 1.0045, to head towards our main waited target at 0.9945, noting that breaking this level will extend the bearish wave to reach 0.9890 as a next main station.

Therefore, the bearish bias will remain suggested in the upcoming sessions unless breaching 1.0115 level and holding above it.

The expected trading range for today is between 0.9945 support and 1.0040 resistance.

The expected trend for today: Bearish

The USDCHF resumes the decline – Analysis - 03-06-2019

Origin: Economies

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