The USD/CHF declines again – Analysis – 15/01/2020

chf_forexThe USDCHF pair faced more negative pressure yesterday to confirm breaking 0.9712 level, which pushes the price to decline again, on its way to visit 0.9588 that represents 61.8% Fibonacci correction level for the rise measured from 0.9187 to 1.0237.

Therefore, the bearish bias will be suggested for today unless breaching 0.9712 level and holding above it.

The expected trading range for today is between 0.9620 support and 0.9715 resistance.

The expected trend for today: Bearish

Origin: Economies

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