The USDCHF tests the resistance – Analysis - 08-08-2022
1 year ago

The USDCHF pair rallied upwards to test the key resistance 0.9630, keeping its stability below it until now, accompanied by witnessing clear negative signals through stochastic, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets testing 0.9530 initially.


On the other hand, we should note that breaching 0.9630 and holding above it will stop the expected decline and lead the price to achieve additional gains on the intraday and short term basis.



The expected trading range for today is between 0.9540 support and 0.9660 resistance.


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The expected trend for today: Bearish

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