The USDCHF within sideways track – Analysis - 30-01-2023
4 months ago

The USDCHF pair moves within sideways track as appears on the chart, to continue with our neutrality until the price confirms breaching 0.9240 resistance or breaking 0.9160 to detect its next targets clearly.


The contradiction between the technical indicators provides another reason for neutrality, noting that breaking the mentioned support will press on the price to decline towards 0.9085 areas initially, while breaching the resistance will push the price to recover and visit 0.9335 level direct.


The expected trading range for today is between 0.9140 support and 0.9280 resistance.


The expected trend for today: Neutral

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