The USDCHF loses momentum – Analysis - 05-07-2022
The USDCHF pair hovers around the EMA50, keeping its stability below 0.9630, while stochastic shows new negative signals now.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which targets testing 0.9525 as a first station, while achieving it requires holding below 0.9630.
The expected trading range for today is between 0.9525 support and 0.9650 resistance.
The expected trend for today: Bearish