The USD/CHF returns to the resistance – Analysis – 08/01/2020

chf_forexThe USDCHF pair shows new positive trades to test 0.9712 level now, and as long as the price is below this level, our bearish overview will remain valid for the upcoming period, supported by the EMA50, waiting to head towards 0.9588 that represents our next main target.

The expected trading range for today is between 0.9630 support and 0.9750 resistance.

The expected trend for today: Bearish

Origin: Economies

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