The USDCHF tests the resistance – Analysis - 04-08-2022
Economies.com
2022-08-04 04:06AM UTC
The USDCHF pair continued to rise to surpass 0.9585 level and test the most important resistance at 0.9630, and consolidates below this resistance now, noticing that stochastic provides negative signals on the four hours’ time frame, waiting to motivate the pirce to rebound bearishly and resume the main bearish trend.
Therefore, the bearish bias will be expected for today unless breaching 0.9630 and holding above it, noting that our first negative target is located at 0.9530.
The expected trading range for today is between 0.9540 support and 0.9650 resistance.
The expected trend for today: Bearish
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