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The USDCHF faces solid resistance – Analysis - 21-10-2022
The USDCHF pair faced negative pressure yesterday to test 1.0000 barrier, noticing that the price leaned on this level to resume the negative trades and reach 1.0064 level again, as it gets positive support by the EMA50, while stochastic shows positive signals now.
Therefore, we believe that the chances valid to continue the bullish trend in the upcoming sessions, and the targets begin by breaching 1.0064 to open the way to head towards 1.0100 followed by 1.0170 levels, noting that it is important to hold above 1.0000 to continue the expected rise.
The expected trading range for today is between 1.0000 support and 1.0140 resistance.
The expected trend for today: Bullish
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