The USD/CHF is stable – Analysis – 25/05/2020

usd_chf_forex_1The USDCHF pair made new test to 0.9730 and keeps its stability below it until now, accompanied by witnessing clear negative signals through stochastic, waiting to resume the expected decline on the intraday basis, which its next main target located at 0.9626.

Therefore, we will keep our bearish overview unless the price rallied to breach 0.9730 and hold with a daily close above it.

The expected trading range for today is between 0.9650 support and 0.9750 resistance.

The expected trend for today: Bearish

Origin: Economies

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