The USDCHF hits the second target – Analysis - 24-05-2022
Economies.com
2022-05-24 04:19AM UTC
The USDCHF pair succeeded to achieve our second waited target at 0.9630 and settles near it, falling under continuous negative pressure coming by the EMA50, to suggest surpassing the mentioned level and open the way to achieve more correctional targets that reach 0.9525.
Therefore, the bearish trend will remain expected on the intraday basis unless the price rallied to breach 0.9730 and hold above it.
The expected trading range for today is between 0.9600 support and 0.9710 resistance.
The expected trend for today: Bearish
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