The USD/CHF touches the target – Analysis – 15/10/2021

forex-news-usd_dollarThe USDCHF pair managed to touch our waited target at 0.9200 and found solid support there, to show some bullish bias and head towards potential test to the key resistance 0.9265, and we recommend to stay aside now until we get clearer signal for the next trend, which we will get through breaching one of the mentioned levels.

Note that breaking 0.9200 support line will press on the price to achieve additional decline that reaches 0.9140 as a next target, while breaching 0.9265 represents the key to regain the bullish trend that its first target located at 0.9345.

The expected trading range for today is between 0.9180 support and 0.9265 resistance.

The expected trend for today: Neutral

Origin: Economies

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