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The USDCHF faces temporary negative pressure – Analysis - 25-01-2024
The USDCHF pair traded with clear negativity yesterday to reach 0.8600 barrier, noticing that the price leaned on the bullish trend line that appears on the chart to head towards resuming the bullish wave again, motivated by stochastic positivity that appears clearly now, waiting for more expected rise in the upcoming sessions to head towards 0.8815 as a next station.
Therefore, the bullish trend scenario will remain valid conditioned by the price stability above 0.8615.
The expected trading range for today is between 0.8580 support and 0.8730 resistance.
The expected trend for today: Bullish
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