Forex

The USDCHF faces solid resistance – Analysis - 19-01-2021

2021-01-19 05:24:40 GMT (Economies.com)

The USDCHF pair finds solid resistance at 0.8923 barrier, and the price needs to surpass this level to confirm the continuation of the correctional bullish trend, which targets 0.8975 as a next station.

 

The intraday bullish channel continues to carry the price to achieve more expected rise, while stochastic attempts to gain the positive momentum on the intraday time frames, to continue suggesting the bullish trend for the upcoming period conditioned by the price stability above 0.8860.

 

The expected trading range for today is between 0.8860 support and 0.8990 resistance.

 

The expected trend for today: Bullish

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