The USD/CHF heads towards the resistance – Analysis – 20/10/2021

forex-news-usd_dollarThe USDCHF pair attempted to break the key support 0.9200 but it bounced bullishly to head towards potential test to 0.9265 resistance, to keep the price stuck between these levels that represent the next trend keys, waiting to breach one of these levels to detect the next destination clearly.

We remind you that breaching the resistance will lead the price to resume the bullish trend that its next target located at 0.9345, while breaking the support will put the price under negative pressure that its targets begin by visiting 0.9140 areas.

The expected trading range for today is between 0.9170 support and 0.9280 resistance.

The expected trend for today: Neutral

Origin: Economies

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