The USDCHF leans on the solid support – Analysis - 06-05-2022
Economies.com
2022-05-06 04:21AM UTC
The USDCHF pair couldn’t manage to break 0.9695 level, to rebound upwards strongly and return to the bullish channel again, to resume the main bullish track and head to achieve new gains that reach 0.9945.
Therefore, the bullish bias will be suggested for today supported by the EMA50 that carries the price from below, noting that breaking 0.9810 will press on the price to start new correctional bearish wave before turning back to rise again.
The expected trading range for today is between 0.9810 support and 0.9930 resistance.
The expected trend for today: Bullish
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