The USDCHF pair has tumbled to a low of 1.0185 on the session, testing the impact of support levels from the key hourly MA at 1.0186. If sellers break beneath that and deal with a break of the trendline support featured above, the technical picture will turn bearish for the currency pair.

Today, the pair may grow to achieve 1.0215 and after that construct declining form with the target @ 1.0198. Afterward, the market may begin another climb towards 1.0227.

Overall, traders wait on US-China trade developments for the next moves.

Rose Alice

About: Rose Alice

Rose Alice has a long experience as a currency analyst with a deep knowledge of the relationship between macroeconomics and currencies fluctuation.