The USDCHF breaks the support – Analysis - 05-08-2020
Economies.com
2020-08-05 03:58AM UTC
The USDCHF pair resumed its negative trading clearly yesterday to manage to break 0.9153 level and hold below it, which supports the continuation of our bearish overview in the upcoming period, paving the way to head towards 0.9056 as a next main station.
Therefore, the bearish bias will remain dominant on the intraday and short term basis, noting that holding below 0.9153 represents initial condition to continue the expected decline.
The expected trading range for today is between 0.9050 support and 0.9170 resistance.
The expected trend for today: Bearish
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