The USD/CHF retests – Analysis – 23/12/2019

chf_forexThe USDCHF pair provided positive trades to retest the previously broken support that turns into key resistance now at 0.9836, as it keeps its stability below it until now, which keeps the bearish trend scenario valid for the upcoming period, waiting to visit 0.9712 level as a next main station, taking into consideration that breaching 0.9836 willl stop the expected decline and lead ther price to start new recovery attempts.

The expected trading range for today is between 0.9740 support and 0.9850 resistance.

The expected trend for today: Bearish

Origin: Economies

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