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USDCHF 18.5.2023
Trend: downward.
Expected scenario:
The pair is trading below a strong resistance level around 0.9020, which enhances chances of a drop to 0.8950.
Alternative scenario:
The scenario fails and turns to an upside, with a break of 0.9020, with a four-hour closing, targeting 0.9050 – 0.9100.
The most important levels
resistance:
0.9020 – 0.9050
support:
0.8950 – 0.8900
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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