The USD/CHF resumes the decline – Analysis – 27/05/2022

usd_chf_forex_1The USDCHF pair resumes its negative trades to move away from 0.9630, reinforcing the expectations of continuing the bearish trend, and the way is open to achieve our waited target at 0.9525, noting that breaking this level will extend the bearish wave to target 0.9400 as as next negative station.

Therefore, the bearish trend scenario will remain active unless breaching 0.9630 and holding above it.

The expected trading range for today is between 0.9510 support and 0.9620 resistance.

Origin: Economies

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