The USDCHF faces the moving average – Analysis - 18-01-2022
1 year ago

The USDCHF pair shows new positive trades now, but it faces the EMA50 that forms good resistance against the price, to keep the chances valid to resume the expected bearish trend for the upcoming period, which needs to break 0.9135 to confirm heading towards 0.9060 as a next negative station, noting that surpassing 0.9160 will push the price to test the most important resistance at 0.9200 direct.


The expected trading range for today is between 0.9080 support and 0.9200 resistance.


The expected trend for today: Bearish

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