The USDCHF confirms the break – Analysis - 06-01-2021

Economies.com
2021-01-06 05:41AM UTC

The USDCHF pair provided clear negative trades yesterday after confirming breaking 0.8820 level, to head towards our waited target negative target at 0.8730, and we expect extending the bearish wave to reach 0.8675 as a next main station.

 

Therefore, the bearish trend will remain dominant in the upcoming sessions unless the price rallied to breach 0.8820 followed by 0.8860 levels and hold above them.

 

The expected trading range for today is between 0.8720 support and 0.8820 resistance.

 

The expected trend for today: Bearish

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