The USDCHF attempts to recover – Analysis - 06-12-2022

The USDCHF pair traded positively to surpass 0.9355 and reach the resistance line that appears on the chart, to hint the attempt to start new bullish correction, but it faces negative factors provided by the technical factors, which makes us prefer to stay aside until we get clearer signal for the next trend.

Note that breaching 0.9435 will lead the price to achieve more gains and visit 0.9540 as a next main target, while breaking 0.9355 and holding below it will press on the price to resume the main bearish trend and head towards 0.9300 followed by 0.9240.

The expected trading range for today is between 0.9355 support and 0.9500 resistance.

The expected trend for today: Neutral