The USDCHF price faces solid resistance – Forecast today – 20-12-2024

DOLLAR5The USDCHF price finds difficulty to surpass 0.9014 resistance line, to show some bearish bias and test the support base formed around 0.8955, waiting to get positive motive that assist to push the price to resume the positive trades and breach the mentioned resistance to open the way to visit 0.9110 as a next main target.

Holding above 0.8955 is important to the continuation of the expected rise, as breaking it will put the price under additional negative pressure to head towards visiting 0.8883 before any new attempt to rise.

The expected trading range for today is between 0.8930 support and 0.9050 resistance.

Trend forecast: Bullish

Origin: Economies

 

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