The USDCHF hits the first target – Analysis 12-01-2024

forex-news-usd_dollarThe USDCHF pair managed to touch our first positive target at 0.8550 and found solid resistance there, to show some slight bearish bias, affected by stochastic negativity, waiting to gather positive momentum that assist to push the price to resume the bullish wave that its next target reaches 0.8700.

Therefore, our bullish overview will remain valid conditioned by the price stability above 0.8450.

The expected trading range for today is between 0.8460 support and 0.8600 resistance.

The expected trend for today: Bullish

Origin: Economies

 

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