The USDCHF exits the bearish channel – Analysis - 25-01-2023
Economies.com
2023-01-25 04:39AM UTC
The USDCHF pair traded with strong positivity yesterday to breach the bearish channel’s resistance and settles above it, to head towards building expected correctional bullish wave in the upcoming sessions, targeting 0.9335 areas initially.
Therefore, the bullish bias will be suggested for today, taking into consideration that breaking 0.9195 will stop the expected rise and press on the price to resume the main bearish trend again.
The expected trading range for today is between 0.9160 support and 0.9300 resistance.
The expected trend for today: Bullish
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