The USDCHF consolidates inside the channel – Analysis - 12-05-2022
Economies.com
2022-05-12 04:10AM UTC
The USDCHF pair attempted to break the bullish channel’s support line but it returns to trade above it, to keep the bullish trend scenario active for the upcoming period, waiting to visit 1.0000 followed by 1.0085 levels as next main targets.
Note that failing to consolidate above 0.9940 will press on the price to start correctional bearish wave before turning back to rise again.
The expected trading range for today is between 0.9900 support and 1.0020 resistance.
The expected trend for today: Bullish
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