The USDCHF breaks the support – Analysis - 14-10-2021

Economies.com
1 year ago

The USDCHF pair broke 0.9265 level strongly and closed the daily candlestick below it, to head towards achieving more expected decline in the upcoming sessions, on its way to visit 0.9200 initially.

 

Therefore, the bearish bias will be suggested for today, noting that breaching 0.9265 and holding above it again will reactivate the bullish trend scenario that its first target located at 0.9345.

 

Advertistment

The expected trading range for today is between 0.9180 support and 0.9265 resistance.

 

The expected trend for today: Bearish

Forex and Currency News

EUR/USD news

Forex

Euro trades near six-month low ahead of major European data
14 hours ago
Euro fell in European trade on Friday against a basket of major rivals, extending losses for the ...
GBP/USD news

Forex

Sterling sharpens decline to six-month lows after surprise decision by BOE
1 day ago
Sterling fell on Thursday after Bank of England announced a surprise pause in the cycle of rate ...
Forex News

Forex

Dollar extends gains to six-month high on Fed prospects
1 day ago
US Dollar rose in European trade on Thursday against a basket of major rivals for the third ...

Forex Technical Analysis

NZD USD Analysis

Forex

Midday update for the NZDUSD 22-09-2023
11 hours ago
The NZDUSD pair breached 0.5940 level clearly to activate the positive scenario in the upcoming ...
AUD USD Analysis

Forex

Midday update for the AUDUSD 22-09-2023
11 hours ago
The AUDUSD pair trades positively to surpass 0.6440 and attempts to hold above it, to hint heading ...
GBP USD Analysis

Forex

Midday update for the GBPUSD 22-09-2023
11 hours ago
The GBPUSD pair resumes its negative trading clearly to press on the bearish channel’s ...