The USDCHF hits the second target – Analysis - 01-06-2023
Economies.com
2023-06-01 03:55AM UTC
The USDCHF pair succeeded to achieve our waited target at 0.9130 and found solid resistance there, to show some bearish bias and it might head to test the key support 0.9055 before attempting to rise again.
The EMA50 continues to support the price from below, to support the chances of achieving more bullish correction in the upcoming sessions, noting that breaching 0.9130 will push the price to 0.9200 as a next positive target, while breaking 0.9055 represents negative factor that will push the price to return to the main bearish track again.
The expected trading range for today is between 0.9040 support and 0.9180 resistance.
The expected trend for today: Bullish
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