The USD/CHF reaches the target – Analysis – 29/05/2020

forex-news-usd_dollarThe USDCHF pair traded with strong negativity yesterday to succeed reaching the waited target at 0.9626, providing additional negative trades now, hinting the price head to break the mentioned level and open the way to head towards the next negative target at 0.9541.

Therefore, the bearish bias will remain suggested in the upcoming period, taking into consideration that failing to achieve the required break will push the price to test 0.9730 areas again before any new attempt to decline.

The expected trading range for today is between 0.9570 support and 0.9680 resistance.

The expected trend for today: Bearish

Origin: Economies

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