The USD/CHF awaits confirmation signal – Analysis – 24/07/2023

chf_forexThe USDCHF pair continues to fluctuate around the key levels 0.8655, facing contradiction between the technical indicators now, which keeps our neutrality valid, waiting to get clearer signal for the next trend.

Note that breaking 0.8655 followed by 0.8645 levels will push the price to resume the main bearish trend and head towards 0.8520 areas mainly, while breaching 0.8670 represents the key to start bullish correction that targets testing 0.8720 as a first positive station.

The expected trading range for today is between 0.8590 support and 0.8730 resistance.

The expected trend for today: Neutral

Origin: Economies

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