The USD/CHF touches the target – Analysis – 25/05/2023

forex-news-usd_dollarThe USDCHF pair managed to touch our waited target at 0.9055, noticing that the price begins today with additional positivity to attempt to surpass this level, reinforcing the expectations of continuing the correctional bullish trend, reminding you that our next target is located at 0.9130.

The bullish channel continues to organize the suggested bullish wave, which gets continuous support by the EMA50, noting that holding above 0.9010 is important to continue the expected rise.

The expected trading range for today is between 0.9000 support and 0.9150 resistance.

The expected trend for today: Bullish

Origin: Economies

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