The USDCHF continues to attack the resistance – Analysis - 06-05-2021
Economies.com
2021-05-06 00:47AM UTC
The USDCHF pair attempted to breach 0.9160 again but it settled below it, moving at the intraday bullish channel’s support line that appears on the chart, which we believe it forms bearish flag pattern, thus, breaking 0.9125 will motivate the price to resume the expected bearish trend for the upcoming period, which its next main target located at 0.9065.
On the other hand, we should note that breaching 0.9160 will push the price to achieve new gains that start at 0.9220 and extend to 0.9315.
The expected trading range for today is between 0.9065 support and 0.9160 resistance.
The expected trend for today: Bearish
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