The USDCHF within a negative pattern – Analysis - 12-05-2021
Economies.com
2021-05-12 00:03AM UTC
The USDCHF pair’s recent trades are confined within rising wedge pattern that its signs appear on the chart, thus, the price needs to break 0.9015 to get negative motive that supports the expectations of continuing the main bearish trend, which its next target located at 0.8900.
Therefore, we will keep our bearish overview unless breaching 0.9100 and holding above it.
The expected trading range for today is between 0.8970 support and 0.9080 resistance.
The expected trend for today: Bearish
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