The USDCHF achieves additional gains – Analysis - 13-05-2021
Economies.com
2021-05-12 23:19PM UTC
The USDCHF pair provided clear positive trades yesterday to reach the main bearish channel’s resistance, and according to the trading rules inside the channel's we are waiting for bearish rebound to resume the main bearish trend, which its targets begin at 0.9000 and extend to 0.8900.
On the other hand, we should note that breaching 0.9100 will stop the expected decline and lead the price to start correctional bearish wave on the intraday and short term basis.
The expected trading range for today is between 0.9015 support and 0.9120 resistance.
The expected trend for today: Overall Bearish
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