The USD/CHF approaches the target – Analysis – 16/01/2020

forex-news-usd_dollarThe USDCHF pair continues to decline to gradually approach our waited target at 0.9588, to keep the bearish trend scenario valid for today, being aware that it is important to monitor the price when reaching thie mentioned level, as breaking it will extend the bearish wave to reach 0.9435 as a next main station.

On the other hand, we should note that breaching 0.9712 would stop the expected decline and pushes the price to visit 0.9836 initially.

The expected trading range for today is between 0.9580 support and 0.9700 resistance.

The expected trend for today: Bearish

Origin: Economies

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