The USDCHF keeps declining – Analysis 29-11-2023

chf_forexThe USDCHF pair resumed its negative trading to move away from 0.8810, reinforcing the expectations of continuing the bearish trend, and the way is open to achieve our next main target at 0.8710.

The negative effect of the double top pattern still active and supports the continuation of the expected bearish trend scenario, which will remain valid conditioned by the price stability below 0.8810.

The expected trading range for today is between 0.8700 support and 0.8810 resistance.

The expected trend for today: Bearish

Origin: Economies

 

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