The USDCHF tests the resistnace – Analysis - 08-09-2021
Economies.com
2021-09-08 04:28AM UTC
The USDCHF pair traded with clear positivity to test 0.9200 resistance, which represents the sideways range’s resistance line that confines the recent trades, while no change to the sideways scenario until the price manages to surpass this resistance or break 0.9100 support.
Note that breaching the resistance will lead the price to achieve additional gains that start at 0.9265 and extend to 0.9345, while breaking the support will press on the price to start bearish wave that targets 0.9060 followed by 0.9000 levels as main negative stations.
The expected trading range for today is between 0.91300 support and 0.9250 resistance.
The expected trend for today: Sideways
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