The USDCHF confirms the break – Analysis 28-11-2023

usd_chf_forex_The USDCHF pair managed to break 0.8810 and close the daily candlestick below it, which supports the continuation of the expected bearish trend on the intraday and short-term basis, which targets 0.8710 as a next station, affected by the double top pattern that appears on the chart.

The EMA50 keeps supporting the expected decline, noting that breaching 0.8810 might push the price to achieve some gains and head to test 0.8888 areas before any new attempt to decline.

The expected trading range for today is between 0.8720 support and 0.8850 resistance.

The expected trend for today: Bearish

Origin: Economies

 

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