The USDCHF stops the bullish correction – Analysis - 02-06-2023
Economies.com
2023-06-02 03:57AM UTC
The USDCHF pair bounced downwards strongly after finding solid resistance at 0.9130, to break 0.9055 and settles below it, which hints heading to resume the main bearish trend and stop the bullish correction that dominated the recent trades, on its way to visit 0.8965 areas as a next negative station.
Therefore, the bearish bias will be expected for today, taking into consideration that breaching 0.9055 will push the price to recover again and head towards testing 0.9130 areas.
The expected trading range for today is between 0.8950 support and 0.9110 resistance.
The expected trend for today: Bearish
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