The USD/CHF achieves clear gains – Analysis – 08/01/2021

forex-news-usd_dollarThe USDCHF pair traded with clear positivity yesterday to breach the bearish channel’s resistance that appears on the chart and settels above it, which stops the recently suggested negative scenario and leads the price to turn to rise, on its way to visit 0.8930 followed by 0.8975 levels as next positive stations.

Therefore, the bullish bias will be suggested for today unless breaking 0.8805 and holding below it.

The expected trading range for today is between 0.8800 support and 0.8930 resistance.

The expected trend for today: Bullish

Origin: Economies

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