The USDCHF suffers sharp losses – Analysis - 17-06-2022

2022-06-17 04:33:11 GMT (Economies.com)
 

The USDCHF pair faced strong negative pressure yesterday to break 0.9860 level and reach 50% Fibonacci correction level at 0.9630, noticing that the price finds solid support there, to start bouncing bullishly and build new bullish wave, supported by stochastic positivity, which encourages us to suggest the bullish bias for the upcoming period, targeting 0.9730 followed by 0.9860 levels as next main stations.

 

Holding above 0.9630 is important to continue the expected rise, as breaking it will press on the price to suffer additional losses in the upcoming period.

 

The expected trading range for today is between 0.9650 support and 0.9800 resistance.

 

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The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0368
-0.0073
0.6996%
1.2010
-0.0038
0.3150%
21.417
0.061
0.286%
78.980
4.551
6.115%
85.16
1.94
2.33%
1756.905
6.430
0.367%
 
 
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