The USD/CHF resumes the decline – Analysis – 19/05/2021

news_usdThe USDCHF pair provided clear negative trades yesterday to settle below 0.9000, reinforcing the expectations of continuing the bearish trend, which targets 0.8900 as a next main station.

Stochastic shows negative signals now to reinforce the chances of continuing the decline in the upcoming sessions, taking into consideration that the continuation of the bearish wave requires holding below 0.9040 as a first condition.

The expected trading range for today is between 0.8910 support and 0.9010 resistance.

The expected trend for today: Bearish

Origin: Economies

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