The USDCHF touches the first target – Analysis - 26-01-2022

The USDCHF pair succeeded to achieve our first suggested target at 0.9200 and finds solid resistance there, to show some bearish bias affected by stochastic negativity, on its way to test the key support 0.9135.

The price faces contradicted technical factors that make us prefer to stay aside until we get clearer signal for the next trend, noting that breaching 0.9200 resistance will lead the price to achieve additional gains that reach 0.9265, while breaking 0.9135 support will press on the price to decline again and head towards 0.9060 as a main negative target.

The expected trading range for today is between 0.9100 support and 0.9230 resistance.

The expected trend for today: Neutral