The USDCHF under the negative pressure – Analysis - 05-10-2022

Economies.com
2022-10-05 04:17AM UTC

The USDCHF pair faced strong negative pressure yesterday to break 0.9860 level and settles below it, starting today with slight bullish bias in attempt to regain the bullish track, supported by stochastic current negativity, which makes us suggest witnessing positive trades that its targets begin by testing 0.9860 areas.

 

Breaching 0.9825 will reinforce the expectations to rise, and breaching the targeted level will extend the bullish wave to reach 0.9920 as a next station, while breaking 0.9730 will stop the expected rise and press on the price to turn to decline.

 

The expected trading range for today is between 0.9750 support and 0.9880 resistance.

 

The expected trend for today: Bullish

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