The USDCHF returns to the resistance – Analysis - 22-01-2020
Economies.com
2020-01-22 05:49AM UTC
The USDCHF pair shows new positive trades to approach the key resistance 0.9712, accompanied by stochastic loss to the positive momentum and reaching the overbought areas, waiting to motivate the price to rebound bearishly and resume the expected bearish trend for the upcoming period, as our main target is located at 0.9588.
In general, we will continue to suggest the bearish trend for the upcoming period unless breaching 0.9712 level and holding above it.
The expected trading range for today is between 0.9620 support and 0.9740 resistance.
The expected trend for today: Bearish
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