The USDCHF approaches the target – Analysis - 16-06-2022

The USDCHF pair provided additional positive trades to approach our main waited target at 1.0064, but it bounced bearishly to settle around 0.9950, noticing that stochastic gains the positive momentum clearly, while the EMA50 continues to support the price from below.

Therefore, we believe that the chances valid to resume the positive trades and visit 1.0064 level mainly, noting that breaking 0.9915 will stop the expected rise and press on the price to turn to decline.

The expected trading range for today is between 0.9900 support and 1.0030 resistance.

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The expected trend for today: Bullish