The USD/CHF gets additional negative signals – Analysis – 12/04/2021

usd_chf_forex_1The USDCHF pair moves within bearish pennant pattern that appears on the chart, noticing that stochastic loses its positive momentum clearly, while the EMA50 continues to press negatively on the price.

Therefore, these factors support the expectations of continuing the bearish trend in the upcoming period, which its targets begin at 0.9210 and extend to 0.9100 after surpassing the previous level, reminding you that it is important to hold below 0.9345 to achieve the suggested targets.

The expected trading range for today is between 0.9200 support and 0.9300 resistance.

The expected trend for today: Bearish

Origin: Economies

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