The USDCHF touches the first target – Analysis - 18-01-2021

Economies.com
2021-01-18 04:59AM UTC

The USDCHF pair managed to touch our first waited target at 0.8923 and attempts to breach it now, which supports the expectations of extending the correctional bullish wave, as we expect heading towards 0.8975 as a next positive target.

 

Therefore, the bullish trend scenario will remain expected in the upcoming sessions unless breaking 0.8860 and holding below it.

 

The expected trading range for today is between 0.8880 support and 0.8990 resistance.

 

The expected trend for today: Bullish

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