The USD/CHF breaches the resistance – Analysis – 05/08/2021

chf_forexThe USDCHF pair rallied upwards strongly to breach 0.9060 and settles above it, which stops the recently suggested negative scenario and lead the price to turn to rise, on its way to visit 0.9135 mainly.

Therefore, the bullish bias will be suggested for the upcoming period unless breaking 0.9060 and holding below it again.

The expected trading range for today is between 0.9030 support and 0.9120 resistance.

The expected trend for today: Bearish

Origin: Economies

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