The USDCHF declines calmly – Analysis - 30-05-2022
Economies.com
2022-05-30 03:53AM UTC
The USDCHF pair crawls downwards to gradually approach our waited target at 0.9525, noticing that stochastic loses its positive momentum clearly to support the continuation of the suggested negative scenario, noting that breaking the mentioned level will extend the bearish wave to reach 0.9400 areas on the near term basis.
Holding below 0.9630 is important to continue the expected decline, as breaching it will lead the price to start recovery attempts and regain the main bullish trend again.
The expected trading range for today is between 0.9510 support and 0.9620 resistance.
The expected trend for today: Bearish
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