The USDCHF fails to hold positively – Analysis - 24-02-2022

Economies.com
2022-02-24 04:41AM UTC

The USDCHF pair couldn’t manage to hold for long time above 0.9200 level, to break it and settle below it again, to fall under expected negative pressure in the upcoming sessions, targeting 0.9135 as a first station, noting that breaking it will push the price to 0.9060 as a next target.

 

Therefore, the bearish bias will be expected for today as long as 0.9200 level remains intact.

 

The expected trading range for today is between 0.9120 support and 0.9240 resistance.

 

The expected trend for today: Bearish

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