The USDCHF tests the resistance – Analysis - 16-02-2022
Economies.com
2022-02-16 05:41AM UTC
The USDCHF pair keeps fluctuating between 0.9200 support and 0.9265 resistance, and as we mentioned in our previous reports, the price needs to breach one of these levels to detect its next targets clearly, which keeps our neutrality valid until now.
Note that breaching the mentioned resistance will push the price to achieve new gains that start by testing 0.9345 areas, while breaking the support will press on the price to turn to decline and visit 0.9135 initially.
The expected trading range for today is between 0.9190 support and 0.9310 resistance.
The expected trend for today: Neutral
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