The USD/CHF is recovering – Analysis – 27/08/2021

forex-news-usd_dollarThe USDCHF pair traded with clear positivity to breach 0.9150 level and settles above it, which stops the recently suggested negative scenario and makes us stay aside until we get clearer signal for the next trend, which we will get through breaching 0.9200 resistance or breaking 0.9150 support.

Note that continue the rise and breaching the mentioned resistance will push the price to visit 0.9265 as a next positive target, while breaking the support will put the price under the negative pressure that targets 0.9060 initially.

The expected trading range for today is between 0.9120 support and 0.9210 resistance.

The expected trend for today: Neutral

Origin: Economies

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