The USDCHF within negative pattern – Analysis - 21-06-2022
The USDCHF pair touched our first waited target at 0.9630, noticing that the recent trades are confined within bearish pennant’s pattern that its signs appear on the chart, thus, breaking 0.9645 will active the negative effect of this pattern and push the price to break 0.9630 level and rally towards our next negative target at 0.9525.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 0.9730 and holding above it.
The expected trading range for today is between 0.9600 support and 0.9700 resistance.
The expected trend for today: Bearish