The USDCHF awaits the break – Analysis 09-11-2023

chf_forexThe USDCHF pair shows calm negative trades to approach 0.8968 level, waiting to break this level to confirm the continuation of the bearish trend domination on the intraday basis, reminding you that our next target reaches 0.8889.

Holding below 0.9020 is important to continue the expected decline, as breaching it represents the first key to attempt to regain the main bullish trend, to start the positive targets by testing 0.9066.

The expected trading range for today is between 0.8910 support and 0.9050 resistance.

The expected trend for today: Bearish

Origin: Economies

 

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