The USD/CHF continues to decline – Analysis – 04/03/2020

news_usdThe USDCHF pair provided clear negative trades yesterday to move away from 0.9588, reinforcing the expectations of continuing the bearish trend that its next target located at 0.9435, waiting for more decline in the upcoming sessions.

We remind you that holding below 0.9588 is important to continue the bearish wave, as breaching it will push the price to achieve intraday gains that target testing 0.9712 areas initially.

The expected trading range for today is between 0.9500 support and 0.9620 resistance.

The expected trend for today: Bearish

Origin: Economies

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