The USD/CHF breaks the support – Analysis – 24/01/2022

rub-l11The USDCHF pair managed to break 0.9135 level and hold below it, which supports the continuation of our bearish overview efficiently in the upcoming sessions, waiting to visit 0.9060 mainly.

Holding below 0.9135 represents initial condition to continue the expected decline, as breaching it might push the price to test the most important resistance at 0.9200 before any new negative attempt.

The expected trading range for today is between 0.9070 support and 0.9170 resistance.

The expected trend for today: Bearish

Origin: Economies

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