The USDCHF declines strongly – Analysis - 09-06-2023
Economies.com
2023-06-09 03:51AM UTC
The USDCHF pair traded with strong negativity yesterday to break 0.9055 level and approach 0.8965, as it formed triple top pattern that supports the chances of turning back to the main bearish track again, waiting to break the last level to confirm the continuation of the bearish bias and head towards 0.8900 as a next negative target.
Therefore, we expect to witness more decline in the upcoming sessions unless the price rallied to breach 0.9055 and hold above it.
The expected trading range for today is between 0.8910 support and 0.9055 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex
Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex
Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
Forex Technical Analysis
Forex
The USDCHF price begins the bearish correction – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
USDCHF Price Analysis The USDCHF price broke the bullish channel’s support line clearly ...
Forex
The NZDUSD price keeps rising – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
NZDUSD Price Analysis The NZDUSD price shows a more bullish bias as it approaches our awaited ...
Forex
The AUDUSD price hits the first target – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
AUDUSD Price Analysis The AUDUSD price managed to achieve our first awaited target at 0.6570$, and ...