The USDCHF achieves the negative targets – Analysis - 19-01-2023

The USDCHF pair succeeded to achieve our suggested negative targets, as it reached 0.9100 level, showing some temporary bullish bias affected by stochastic positivity, waiting to resume the main bearish trend that moves within the bearish channel that appears on the chart, to achieve negative targets that extend to 0.9020.

Therefore, the bearish trend scenario will remain valid unless the price rallied to breach 0.9215 followed by 0.9275 levels and hold above them.

The expected trading range for today is between 0.9080 support and 0.9215 resistance.

The expected trend for today: Bearish