The USDCHF resumes the decline – Analysis - 05-08-2022
9 months ago

The USDCHF pair traded with clear negativity to approach our first waited target at 0.9530, and we expect the continuation of the bearish bias to break this level and extend the bearish wave towards 0.9400 areas.


Therefore, we will continue to suggest the bearish trend supported by the negative pressure formed by the EMA50 unless breaching 0.9630 and holding with a daily close 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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