The USD/CHF loses momentum – Analysis – 16/09/2020

forex-news-usd_dollarThe USDCHF pair provided slight positive trades yesterday by it returns to decline now, supported by the negative pressure formed by the EMA50, noticing that stochastic shows clear overbought signals, waiting to motivate the price to resume the bearish trend that targets 0.9000 mainly.

Holding below 0.9105 is important to continue the expected decline, as breaching it will lead the price to achieve intraday gains and visit 0.9192 before any new negative attempt.

The expected trading range for today is between 0.9000 support and 0.9120 resistance.

The expected trend for today: Bearish

Origin: Economies

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