The USDCHF shows more bullish correction – Analysis - 04-08-2020
Economies.com
2020-08-04 03:47AM UTC
The USDCHF pair achieved additional rise yesterday to test 38.2% Fibonacci correction level that formed solid resistance at 0.9213, as it forced the pirce to rebound bearishly to head towards resuming the main bearish track, and it needs to break 0.9153 to confirm the continuation of the bearish bias and head towards our next main negative target at 0.9056.
Therefore, we will continue to suggest the bearish trend unless breaching 0.9213 and holding above it.
The expected trading range for today is between 0.9090 support and 0.9220 resistance.
The expected trend for today: Bearish
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