The USDCHF keeps its negative stability – Analysis - 21-01-2020

Economies.com
2020-01-21 05:40AM UTC

The USDCHF pair keeps its stability below 0.9712 level, and begins to provide slight negative trades that hint the price head to resume the expected bearish trend on the intraday basis, to continue suggesting the bearish bias for the upcoming period, which targets testing 0.9588 level mainly, reminding you that breaching 0.9712 will stop the expected decline and leads the price to start recovery attempts that target 0.9836 initially.

 

The expected trading range for today is between 0.9600 support and 0.9720 resistance.

The expected trend for today: Bearish

Forex and Currency News

Forex News

Forex

Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
USD/JPY news

Forex

Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
Forex News

Forex

Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...

Forex Technical Analysis

NZD USD Analysis

Forex

The NZDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The NZDUSD price breached 0.6000$ level strong and settled above it, reinforcing the expectations ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The AUDUSD price traded with strong positivity to succeed achieving our new waited target at ...
GBP USD Analysis

Forex

The GBPUSD forecast update 03-05-2024
2024-05-03 13:52PM UTC
The GBPUSD price traded with strong positivity to breach 1.2580$ level strongly but it returns to ...