The USDCHF breaks the support – Analysis - 20-07-2022

Economies.com
1 year ago

The USDCHF pair broke 0.9730 level strongly to turn to decline again, on its way to visit 0.9630 as a first target, noting that breaking this level will extend the bearish wave to reach 0.9525 as a next negative station.

 

Therefore, we expect to witness more decline in the upcoming sessions unless breaching 0.9730 and hold above it again.

 

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The expected trading range for today is between 0.9600 support and 0.9730 resistance.

 

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The expected trend for today: Bearish

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