The USDCHF tests the initial resistance – Analysis - 07-01-2021
Economies.com
2021-01-07 05:42AM UTC
The USDCHF pair tested the initial resistance 0.8820 and bounced bearishly from there, to keep the bearish trend scenario valid and active on the intraday and short term basis, motivated by stochastic negativity, waiting to head towards 0.8730 that represents our next target.
On the other hand, we should note that breaching 0.8820 followed by 0.8860 levels will stop the expected decline and lead the price to start correctional bullish wave.
The expected trading range for today is between 0.8720 support and 0.8820 resistance.
The expected trend for today: Bearish
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