The USDCHF faces temporary negative pressure – Analysis - 14-07-2022
Economies.com
2022-07-14 04:07AM UTC
The USDCHF pair traded with clear negativity yesterday after breaking the bullish channel’s support line, noticing that the price returns to recover and attempts to return to the mentioned channel, supported by stochastic and the EMA50 positivity, waiting for more rise to breach 0.9860 initially, noting that breaching this level is required to confirm rallying towards our next positive target at 0.9970.
Therefore, we will continue to suggest the bullish trend conditioned by the price stability above 0.9800.
The expected trading range for today is between 0.9760 support and 0.9900 resistance.
The expected trend for today: Bullish
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