The USDCHF attacks the support – Analysis - 23-05-2022
Economies.com
2022-05-23 04:05AM UTC
The USDCHF pair resumes its negative trading to press on 0.9732 level and attempts to hold below it, reinforcing the expectations of continuing the domination of the correctional bearish trend, reminding you that our next negative target reaches 0.9630.
Therefore, we will continue to suggest the bearish trend for the upcoming period, supported by the negative overlapping signal that appears on stochastic, noting that failing to consolidate below 0.9732 will lead the price to start recover attempts that target testing 0.9860 areas mainly.
The expected trading range for today is between 0.9650 support and 0.9750 resistance.
The expected trend for today: Bearish
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