The USD/CHF gets a negative signal – Analysis – 03/06/2020

chf_forexThe USDCHF pair continues to fluctuate near 0.9626 and still below it, which keeps the bearish trend scenario valid and active for the upcoming period, supported by the negative signals that appear on stochastic, waiting to head towards 0.9541 mainly.

Note that breaching 0.9626 will stop the expected decline and leads the price to start recovery attempts that target visiting 0.9730 areas mainly.

The expected trading range for today is between 0.9540 support and 0.9650 resistance.

The expected trend for today: Bearish

Origin: Economies

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