The USDCHF reaches the first target – Analysis - 23-06-2020
Economies.com
2020-06-23 04:35AM UTC
The USDCHF pair resumed its negative trading clearly yesterday to reach our first waited target at 0.9456 and settles near it, falling under continuous negative pressure coming by the EMA50, waiting to break the mentioned level to confirm extending the bearish wave to reach 0.9351.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 0.9541 and hold above it.
The expected trading range for today is between 0.9400 support and 0.9540 resistance.
The expected trend for today: Bearish
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