The USD/CHF resumes the decline – Analysis – 04/05/2021

usd_newsThe USDCHF pair bounced bearishly after testing the intraday bearish channel’s resistance, to start pressing on 0.9100 barrier, waiting for more decline to visit 0.9065 followed by 0.8990 levels as next main targets.

Therefore, our bearish overview will remain valid and active unless breaching 0.9140 and holding above it.

The expected trading range for today is between 0.9065 support and 0.9150 resistance.

The expected trend for today: Bearish

Origin: Economies

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