The USDCHF breaches the resistance – Analysis - 07-01-2022

Economies.com
2022-01-07 04:55AM UTC

The USDCHF pair breached 0.9200 level clearly and settled above it, to turn to rise on the intraday basis, on its way to test 0.9265 level initially, noting that breaching this level will push the price to 0.9340 as a next main target.

 

Therefore, the bullish bias will be expected in the upcoming sessions conditioned by the price stability above 0.9200.

 

The expected trading range for today is between 0.9170 support and 0.9280 resistance.

 

The expected trend for today: Bullish

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