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The USDCHF around the moving average – Analysis - 02-05-2023
The USDCHF pair fluctuates around the EMA50 since yesterday, waiting to get new positive momentum that assists to push the price to resume the positive trades, as we expect to achieve bullish correction for the decline from 0.9434 to 0.8860, reminding you that the expected targets begin at 0.8995 and extend to 0.9080 after surpassing the previous level.
Therefore, we will keep our positive overview unless breaking 0.8905 and holding below it.
The expected trading range for today is between 0.8880 support and 0.9030 resistance.
The expected trend for today: Bullish
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