USDCHF 19.05.2022

Technical Analysis
Thursday, May 19, 2022 - 15:26
Point Trader Group
USDCHF 19.05.2022

summary:

The pair is trading in a downtrend

Expected scenario:

The pair is trading below a strong resistance level around 1.0060, which enhances the chances of a drop to 0.9600 – 0.9550

Alternative scenario:

Breaking the 1.0060 level may push the pair to rise to 1.0150

resistance levels

1.0060 - 1.0150

Support levels

0.9600 - 0.9550

  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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