The USD/CHF achieves the first target – Analysis – 09/08/2022

chf_forexThe USDCHF pair resumed its negative trades strongly to achieve our first waited target at 0.9530 and settles around it, waiting to get negative motive that assists to push the price to break this level and extend the bearish wave to target 0.9400 areas on the near term absis.

Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 0.9630 and holding above it.

The expected trading range for today is between 0.9470 support and 0.9600 resistance.

The expected trend for today: Bearish

Origin: Economies

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