The USDCHF awaits more rise – Analysis 19-01-2024

Dollar1The USDCHF pair provided additional positive trades yesterday to reach few pips away from the waited target at 0.8700, and the positive effect of the inverted head and shoulders’ pattern continues to push the price to achieve more expected rise, waiting to visit 0.8740 followed by 0.8815 levels as next positive targets.

Therefore, the bullish trend scenario will remain suggested for the upcoming period conditioned by the price stability above 0.8600.

The expected trading range for today is between 0.8610 support and 0.8760 resistance.

The expected trend for today: Bullish

Origin: Economies

 

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