The USDCHF tests the resistance – Analysis - 21-07-2022
1 year ago

The USDCHF pair provided positive trades to test the key resistance 0.9730, and begins to rebound bearishly to hint heading to resume the expected bearish trend on the intraday basis, motivated by stochastic current negativity, waiting to visit 0.9630 mainly.


Holding below 0.9730 is important to continue the expected decline, as breaching it will lead the price to start new recovery attempts and achieve gains that reach 0.9860.



The expected trading range for today is between 0.9630 support and 0.9760 resistance.


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The expected trend for today: Bearish

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