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USDCHF 05.07.2021
Overview:
The pair is trading in a downtrend on the daily basis
Expected scenario:
The above chart shows that the pair is trading below a strong resistance level around 0.9230, which enhances the chances of descending during today's trading to 0.9200.
alternative scenario:
On the other hand, we see that if 0.9230 is broken upwards, it may push the pair up to 0.9280.
| Resistance levels | 0.9230 | 0.9260 | 0.9290 |
| Support levels | 0.9200 | 0.9170 | 0.9150 |
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
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