The USDCHF breaches the resistance – Analysis - 23-02-2022

Economies.com
2022-02-23 05:17AM UTC

The USDCHF pair rallied upwards strongly yesterday to breach 0.9200 level and settles above it, which leads the price to achieve intraday gains that target testing 0.9265 level initially, making the bullish bias expected in the upcoming sessions.

 

We should note that breaking 0.9200 and holding below it will stop the suggested positive scenario and press on the price to decline again.

 

The expected trading range for today is between 0.9150 support and 0.9265 resistance.

 

The expected trend for today: Bullish

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