The USDCHF awaits more decline – Analysis 18-10-2023

chf_forexThe USDCHF pair provided temporary positive trades yesterday, and returns to decline to approach our waited target at 0.8968, noting that we suggest breaking this level to achieve additional negative targets that reach 0.8890.

The EMA50 continues to support the suggested bearish wave, which will remain valid unless the price rallied to breach 0.9066 and hold above it.

The expected trading range for today is between 0.8930 support and 0.9066 resistance.

The expected trend for today: Bearish

Origin: Economies

 

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