The USDCHF returns to the bearish track – Analysis - 26-01-2023

The USDCHF pair couldn’t manage to hold positively for long time, to rebound downwards clearly and return to the main bearish channel, as it completed forming bearish flag pattern that puts the price under the negative pressure again, on its way to achieve negative targets that start at 0.9085.

Therefore, we expect to witness more bearish bias in the upcoming sessions unless breaching 0.9215 and holding above it.

The expected trading range for today is between 0.9085 support and 0.9225 resistance.

The expected trend for today: Bearish