The USDCHF under the negative pressure – Analysis - 18-07-2022
6 months ago

The USDCHF pair broke the bullish channel’s support line strongly to reach 0.9730 direct, and we expect to surpass this level to open the way to provide more negative trades in the upcoming sessions, to head towards visiting 0.9630 areas as a next main station.


Therefore, we expect to witness more decline in the upcoming sessions, taking into consideration that the consolidation of 0.9730 level against the current negative pressure will stop the suggested negative scenario and lead the price to resume the main bullish wave again.


The expected trading range for today is between 0.9670 support and 0.9800 resistance.


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The expected trend for today: Bearish

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