The USDCHF reaches the target – Analysis - 05-06-2020
Economies.com
2020-06-05 04:38AM UTC
The USDCHF pair succeeded to reach our waited target at 0.9541 and settles near it, noticing that stochastic shows oversold signals, which might push the price to provide some temporary positive trades, but we suggest breaking the mentioned level and open the way to head towards the next correctional level at 0.9456, as the price faces continuous negative pressure coming by the EMA50.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 0.9626 and hold above it.
The expected trading range for today is between 0.9480 support and 0.9620 resistance.
The expected trend for today: Bearish
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