USDCHF tests the moving average – Analysis – 13/12/2016

rub-l11The USDCHF pair showed expected negative trades after testing the sideways range resistance that appears on chart, and the price moves around the EMA50 now, to keep the sideways range dominant on the current trading, waiting to surpass one of its lines represented by 1.0075 support and 1.0190 resistance to detect its next targets clearly.

To review the details of the expected targets after the breach, please check our previous report.

Expected trading range for today is between 1.0075 support and 1.0200 resistance.

Expected trend for today: Sideways

611

Origin: Economies

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