The USDCHF approaches the first target – Analysis - 07-05-2021

Economies.com
2021-05-07 00:12AM UTC

The USDCHF pair traded with strong negativity yesterday to break 0.9100 and settles below it, as it approached our first waited target at 0.9065, and we believe that the way is open to continue the decline to head towards 0.8990 that represents our extended target.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 0.9150.

 

The expected trading range for today is between 0.9020 support and 0.9120 resistance.

 

The expected trend for today: Bearish

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