The USDCHF resumes the decline – Analysis - 22-07-2022

Economies.com
10 months ago

The USDCHF pair bounced bearishly after testing 0.9730 in the previous sessions, to support the continuation of the expected bearish trend on the intraday basis, which targets testing 0.9630 as a next station.

 

Note that breaking the mentioned level will extend the bearish wave to reach 0.9530, while breaching 0.9730 will stop the suggested negative scenario and push the price to achieve new gains.

 

The expected trading range for today is between 0.9610 support and 0.9730 resistance.

 

Open Live Trading Account

The expected trend for today: Bearish

Forex and Currency News

Forex News

Forex

US unemployment claims rise past estimates
12 hours ago
US unemployment claims rose to 261 thousand in the week ending June 3, above estimates of 236 ...
Forex News

Forex

Dollar declines ahead of US unemployment claims data
12 hours ago
Dollar fell in European trade on Thursday for a second session away from eleven-week highs as  ...
EUR/USD news

Forex

Euro extends recovery on European rates prospects
17 hours ago
Euro rose in European trade for the second session against dollar away from recent two-month lows, ...

Forex Technical Analysis

NZD USD Analysis

Forex

Midday update for the NZDUSD 08-06-2023
15 hours ago
The NZDUSD pair shows positive trades to move above the EMA50, affected by stochastic positivity, ...
AUD USD Analysis

Forex

Midday update for the AUDUSD 08-06-2023
15 hours ago
The AUDUSD pair returns to rise and attack 0.6660 level, which urges caution form the upcoming ...
GBP USD Analysis

Forex

Midday update for the GBPUSD 08-06-2023
15 hours ago
The GBPUSD pair trades with clear positivity to attack 1.2470 level and attempt to hold above it, ...