The USDCHF is satisfied with the first target – Analysis - 20-06-2022

The USDCHF pair touched our first waited positive target at 0.9730 and found solid resistance there, to decline again and head to achieve negative targets that we expect to start at 0.9630 and extend to 0.9525 after breaking the previous level.

Stochastic provides negative signals that support the expected decline, which will remain valid unless the price rallied to breach 0.9730 and hold above it.

The expected trading range for today is between 0.9600 support and 0.9700 resistance.

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The expected trend for today: Bearish