USDCHF breaches the resistance – Analysis - 16-01-2019
Economies.com
2019-01-16 05:24AM UTC
The USDCHF price rallied upwards to breach 0.9835 and approached the key resistance 0.9900, which leads the price to achieve more expected gains in the upcoming period, noting that breaching the mentioned resistance will push the price to visit 0.9990 level as a next station.
Therefore, the bullish bias will be suggested in the upcoming sessions unless the price failed to breach the mentioned resistance and decline to break 0.9835 and holding below it again.
Expected trading range for today is between 0.9830 support and 0.9950 resistance.
Expected trend for today: Bullish
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