The USDCHF still stuck – Analysis 28-02-2024

chf_forexThe USDCHF pair continues to fluctuate between the key levels represented by 0.8785 support and the resistance line that declines now to 0.8810, thus, we will continue with our neutrality until the price confirms breaking one of these levels.

Note that breaking the mentioned support will push the price to resume trading inside the main bearish channel and head to achieve negative targets that start at 0.8645, while breaching the resistance represents the key to start bullish correction on the intraday and short-term basis, its targets reach 0.9025 areas.

The expected trading range for today is between 0.8720 support and 0.8870 resistance.

The expected trend for today: Neutral

Origin: Economies

 

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