The USD/CHF resumes the decline – Analysis – 20/11/2020

forex-news-usd_dollarThe USDCHF pair resumes its negative trading after testing the resistance line that appears on the chart, which supports the continuation of our bearish overview on the intraday and short term basis, and the way is open to head towards 0.9010 that represents our next main target.

On the other hand, we should note that breaching 0.9192 will stop the negative scenario and push the price for more bullish correction on the short term basis.

The expected trading range for today is between 0.9030 support and 0.9150 resistance.

The expected trend for today: Bearish

Origin: Economies

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