The USDCHF attempts to recover – Analysis - 17-01-2022
1 year ago

The USDCHF pair provided positive trades in the previous sessions to breach 0.9135 level, but it begins to decline again now, affected by stochastic negativity, besides the negative pressure formed by the EMA50, which encourages us to suggest the continuation of the bearish bias today to head towards 0.9060 as a next main target.


Therefore, the bearish trend will remain expected on the intraday basis, noting that failing to break 0.9135 will lead the pirce to visit 0.9200 as a next positive station.



The expected trading range for today is between 0.9080 support and 0.9170 resistance.


The expected trend for today: Bearish

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