The USDCHF needs strong positive motive – Analysis - 30-05-2023
Economies.com
2023-05-30 04:12AM UTC
The USDCHF pair finds difficulty to breach 0.9055 level, to show some slight bearish bias and head towards potential test to the correctional bullish channel’s support line, noticing that the EMA50 provides the continuous positive support to the price, while stochastic shows clear positive signals now.
Therefore, we believe that the chances valid to resume the bullish wave and breach the mentioned level to open the way to rally towards 0.9130 level, noting breaking 0.9015 will stop the expected rise and push the price to turn to decline.
The expected trading range for today is between 0.8980 support and 0.9120 resistance.
The expected trend for today: Bullish
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