The USDCHF returns to rise – Analysis - 05-06-2023
Economies.com
2023-06-05 04:06AM UTC
The USDCHF pair found solid support at 0.6055 level, to rebound bullishly and resume the correctional bullish track, approach 0.9130 level now, noting that breaching this level will push the price to visit 0.9200 as a next correctional target.
Therefore, we expect the continuation of the bullish bias in the upcoming sessions, organized inside the bullish channel that appears on the chart, noting that breaking 0.9055 will stop the expected rise and push the price to resume the main bearish trend again.
The expected trading range for today is between 0.9030 support and 0.9180 resistance.
The expected trend for today: Bullish
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