USD/CHF needs positive momentum – Analysis - 21/01/2019

The USDCHF price settles around 0.9950 level, and the price needs to get enough positive momentum to push trading to continue rising and test 0.9990 that represents our next main target.

In general, we will continue to suggest the bullish trend conditioned by the price stability above 0.9900, reminding you that surpassing the first target will push the price towards 1.0070 direct.

Expected trading range for today is between 0.9900 support and 1.0000 resistance.

Expected trend for today: Bullish