The USDCHF keeps its positive consolidation – Analysis - 16-05-2022
Economies.com
2022-05-16 04:10AM UTC
The USDCHF pair continues to rise gradually within the bullish channel, waiting for more rise to achieve new gains that reach 1.0100 followed by 1.0150.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period, noting that breaking 0.9985 will press on the price to start correctional bearish wave before turning back to rise again.
The expected trading range for today is between 0.9990 support and 1.0090 resistance.
The expected trend for today: Bullish
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