The USDCHF hits the target – Analysis - 29-07-2022
2022-07-29 04:04AM UTC

The USDCHF pair succeeded to achieve our waited target at 0.9530 and presses negatively on it, to hint heading to achieve more decline on the short term and medium term basis, noticing that there is a negative formation that might force the price to suffer more losses on the longer term basis.


Therefore, the bearish trend will remain suggested for the upcoming period, and the next target reaches 0.9400, taking into consideration that the consolidation of 0.9530 level against the current negative pressure will lead the price to start recovery attempts that target testing 0.9630 level initially.



The expected trading range for today is between 0.9450 support and 0.9590 resistance.


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The expected trend for today: Bearish

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