The USDCHF presses on the support – Analysis - 23-05-2019
Economies.com
2019-05-23 01:02AM UTC
The USDCHF pair attempted to break the minor bullish channel’s support line but without managing to hold below it, to show some slight bullish bias, noticing that stochastic continues to press negatively on the price, to keep the bearish trend suggested in the upcoming sessions, and the price needs to break 1.0070 to rally towards 0.9940 as a next main station, reminding you that it is important to hold below 1.0128 to continue the suggested decline.
The expected trading range for today is between 1.0040 support and 1.0140 resistance.
The expected trend for today: Bearish
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