The USDCHF rises again – Analysis - 27-01-2023

The USDCHF pair rose again to breach the bearish channel’s resistance and settles above it, to hint starting new bullish correction, but we notice that the technical indicators show negative signals that might hinder the mission to rise, which makes us prefer to stay aside until we get clearer signal for the next trend.

Note that breaching 0.9260 will push the price to achieve new gains and test 0.9335 as a next main target, while breaking 0.9160 support will push the price back to the main bearish channel again to resume the bearish track that its first target located at 0.9085.

The expected trading range for today is between 0.9140 support and 0.9300 resistance.

The expected trend for today: Neutral