The USDCHF resumes the decline – Analysis - 05-01-2022

2022-01-05 05:04:42 GMT (Economies.com)
 

The USDCHF pair bounced downwards clearly yesterday to succeed touching our first waited negative target at 0.9140, waiting for more decline to break this level and head towards 0.9060 as a next station.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 0.9200 and hold above it.

 

The expected trading range for today is between 0.9100 support and 0.9200 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1342
-0.0062
0.5454%
1.3609
-0.0048
0.3525%
Tadawul
12260.13
73.83
0.61%
24.121
1.109
4.817%
85.118
1.249
1.489%
88.44
0.93
1.06%
1840.095
19.635
1.079%
 
 
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