The USDCHF begins bearish correction – Analysis - 05-05-2022
Economies.com
2022-05-05 04:19AM UTC
The USDCHF pair bounced downwads strongly after approaching our waited positive target at 0.9865, to break the bullish channel’s support line and start bearish correction for the bullish wave that started from 0.9195 areas, and we expect to head towards 0.9600 as a next negative target.
Breaking 0.9695 will add more confirmation to the continuation of the bearish correction domination in the upcoming sessions, while breaching 0.9780 will stop the current negative pressure and lead the price to regain the main bullish trend again.
The expected trading range for today is between 0.9650 support and 0.9770 resistance.
The expected trend for today: Bearish
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