The USDCHF hits the negative target – Analysis - 20-05-2022
Economies.com
2022-05-20 04:27AM UTC
The USDCHF pair succeeded to achieve our waited target at 0.9732 and broke it to close the daily candlestick below it, paving the way to head towards the next correctional level at 0.9630.
Therefore, we expect to witness more decline in the upcoming sessions, noting that holding below 0.9732 represents initial condition to continue the suggested negative scenario.
The expected trading range for today is between 0.9650 support and 0.9750 resistance.
The expected trend for today: Bearish
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