The USDCHF draws positive pattern – Analysis - 17-11-2022
Economies.com
2022-11-17 04:31AM UTC
The USDCHF pair provided clear positive trades yesterday, and by taking a deeper look at the chart, we find that the recent trades formed inverted head and shoulders’ pattern that its signs on the above chart, which hints heading to achieve expected gains in the upcoming sessions, targeting 0.9500 followed by 0.9575 levels as main positive stations.
Therefore, the bullish bias will be expected for today, noting that breaking 0.9410 will cancel the suggested positive formation and press on the price to resume the bearish trend again.
The expected trading range for today is between 0.9410 support and 0.9540 resistance.
The expected trend for today: Bullish
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