The USDCHF reaches the target – Analysis - 29-06-2022

Economies.com
2022-06-29 04:23AM UTC

The USDCHF pair reached few pips away from our waited target at 0.9525, and continues to move inside the intraday bearish channel that appears on the chart, which supports the chances of surpassing the mentioned level and open the way to achieve negative targets that extend to 0.9400.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 0.9630 and hold above it.

 

The expected trading range for today is between 0.9500 support and 0.9600 resistance.

 

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The expected trend for today: Bearish

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