The USDCHF gets a negative signal – Analysis - 23-01-2023
Economies.com
2023-01-23 04:28AM UTC
The USDCHF pair tested the bearish channel’s resistance and bounced bearishly from there, as the EMA50 formed good negative pressure against the price, while stochastic overlaps negatively now, thus, these factors support he chances of continuing the bearish trend that targets 0.9020 as a next main station.
On the other hand, we should note that breaching 0.9230 will stop the expected decline and lead the price to start correctional bullish wave.
The expected trading range for today is between 0.9090 support and 0.9230 resistance.
The expected trend for today: Bearish
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