The USDCHF achieves more gains – Analysis 17-01-2024

chf_forexThe USDCHF pair shows more bullish bias to surpass 0.8600 barrier and settles above it, reinforcing the expectations of continuing the bullish trend, and the way is open to achieve our main waited targets at 0.8700 followed by 0.8740.

Therefore, the positive scenario will remain valid and active, supported by the EMA50, noting that holding above 0.8560 represents the first condition to the continuation of the expected bullish trend.
The expected trading range for today is between 0.8550 support and 0.8700 resistance.

The expected trend for today: Bullish

Origin: Economies

 

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