The USD/CHF declines again – Analysis – 21/05/2021

forex-news-usd_dollarThe USDCHF pair could not manage to hold for long time above the bearish channel’s resistance, to decline clearly and resume the main bearish trend, on its way to visit 0.8900 areas mainly.

Therefore, we expect witnessing more decline in the upcoming sessions unless breaching 0.9045 and holding above it.

The expected trading range for today is between 0.8900 support and 0.9020 resistance.

The expected trend for today: Bearish

Origin: Economies

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