The USDCHF tests the key support – Analysis - 05-07-2021
Economies.com
2021-07-05 04:13AM UTC
The USDCHF pair faced strong negative pressure on last Friday to test the key support 0.9200, noticing that the price kept its stability above it and bounced bullishly from there, to head towards resuming the recently suggested bullish trend, which its targets begin by breaching 0.9265 to open the way to head towards 0.9315 as a next station.
Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 0.9200 and holding below it.
The expected trading range for today is between 0.9190 support and 0.9280 resistance.
The expected trend for today: Bullish
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