The USDCHF attempts to breach – Analysis - 16-12-2021
Economies.com
2021-12-16 05:25AM UTC
The USDCHF pair provided clear positive trades yesterday and attempted to breach 0.9265 level, but it kept its stability below it, to keep the bearish trend scenario valid on the intraday basis, waiting to test 0.9200 level initially, which breaking it represents the key to rally towards 0.9140 as a next negative station.
Note that breaching 0.9265 and holding above it will stop the negative scenario and push the price to achieve additional gains that reach 0.9345.
The expected trading range for today is between 0.9180 support and 0.9300 resistance.
The expected trend for today: Bearish
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