USDCHF under the moving average pressure – Analysis – 15.08.2016

Dollar1The USDCHF pair keeps its stability below 0.9752 level, as the EMA50 meets this level to add more strength to it, which makes us continue suggesting the bearish trend in the upcoming sessions, which its targets begin by testing 0.9634 level.

We remind you that breaching 0.9752 level will motivate the price to achieve some gains that target testing the key resistance 0.9944 before detecting the next short term destination.

Expected trading range for today is between 0.9634 support and 0.9800 resistance.

Expected trend for today: Bearish

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Origin: Economies

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