The USD/CHF approaches the target – Analysis – 25/10/2021

rub-l11The USDCHF pair resumes its negative trades to approach our waited target at 0.9140, expecting to surpass this level to open the way to achieve more negative targets that reach 0.9060.

Therefore, the bearish trend scenario will remain valid and active for the upcoming period supported by the EMA50, noting that holding below 0.9200 is important to continue the expected decline.

The expected trading range for today is between 0.9100 support and 0.9180 resistance.

The expected trend for today: Bearish

Origin: Economies

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