The USDCHF presses on the support – Analysis - 14-01-2020

Economies.com
2020-01-14 05:37AM UTC

The USDCHF pair provided negative trades yesterday to press on 0.9712 level, as the price is affected by stochastic negativity, but it begins today with calm bullish bias in attempt to step above this level, which encourages us to keep the positive scenario that targets visiting 0.9836 level mainly.

 

Therefore, we will be waiting for positive trades in the upcoming sessions unless the price failed to hold above 0.9712 level.

 

The expected trading range for today is between 0.9660 support and 0.9770 resistance.

The expected trend for today: Bullish

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