The USDCHF faces solid resistance – Analysis - 26-05-2023
Economies.com
2023-05-26 04:13AM UTC
The USDCHF pair attempted to breach 0.9055 level but it faces solid resistance there, to move below it by today’s open, noticing that stochastic attempts to get rid of its negative momentum, waiting to get positive motive that assists to push the price to breach the mentioned level and open the way to visit 0.9130 as a next correctional target.
Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 0.9020.
The expected trading range for today is between 0.8980 support and 0.9130 resistance.
The expected trend for today: Bullish
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