The USDCHF faces solid support – Analysis - 04-01-2021

Economies.com
2021-01-04 05:01AM UTC

The USDCHF pair finds solid support at 0.8820, as it faces difficulty to break it, waiting to get negative motive that assists to achieve the required break followed by opening the way to head towards 0.8730 that represents our next negative target.

 

In general, we will keep our bearish overview for the upcoming period unless breaching 0.8890 followed by 0.8920 levels and holding above them.

 

The expected trading range for today is between 0.8760 support and 0.8890 resistance.

 

The expected trend for today: Bearish

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