The USDCHF tests the key resistance – Analysis - 29-05-2019
Economies.com
2019-05-29 00:17AM UTC
The USDCHF pair rallied upwards strongly yesterday to test the key resistance 1.0100 and keeps its stability below it, as we witness bearish rebound signals now, which keeps the bearish trend scenario active for the upcoming period, depending on the price stability inside the bearish channel that appears on the chart, waiting to visit 0.9945 level mainly.
We should note that breaching 1.0100 and holding above it will stop the suggested negative scenario and push the price to return to the main bullish trend again.
The expected trading range for today is between 1.0000 support and 1.0120 resistance.
The expected trend for today: Bearish
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