The USDCHF loses momentum – Analysis 07-12-2023

forex-news-usd_dollarThe USDCHF pair fluctuates within tight track since yesterday, and still stable below the EMA50, noticing that stochastic continues to lose the positive momentum.

Therefore, we will keep our bearish overview that depends on the price stability below 0.8765, reminding you that our targets begin at 0.8710 and extend to 0.8660 followed by 0.8600 after breaking the first level.

The expected trading range for today is between 0.8670 support and 0.8800 resistance.

The expected trend for today: Bearish

Origin: Economies

 

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