USD/CHF Daily Outlook – RENDIVA UTAMA

Usd/Chf Daily Outlook - Rendiva Utama Usdchf20260520A1

Intraday bias in USD/CHF remains on the upside as rise from 0.7760 is in progress. Firm break of 0.7823 resistance will argue that fall from 0.8041 has completed as a three wave correction, and bring further rise to retest this high. On the downside, below 0.7837 minor support will turn intraday bias neutral again.

Usd/Chf Daily Outlook - Rendiva Utama Usdchf20260520A1

In the bigger picture, as long as 55 W EMA (now at 0.8035) holds, fall from 0.9200 is expected to continue, as part of the larger down trend. Firm break of 0.7603 will target 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382.

Usd/Chf Daily Outlook - Rendiva Utama Usdchf20260520A2


SOURCE LINK : https://www.actionforex.com/technical-outlook/usdchf-outlook/641185-usd-chf-daily-outlook-2399/