The USD/CHF faces intraday negative pressure – Analysis – 12/01/2022

forex-news-usd_dollarThe USDCHF pair rebounds downwards clearly to head towards potential test to the key support 0.9200, accompanied by witnessing oversold signals through stochastic, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which its next target reaches 0.9340.

Holding above 0.9200 is important to continue the expected rise, as breaking it will press on the price to continue the decline and head towards 0.9140 as a next negative station.

The expected trading range for today is between 0.9190 support and 0.9290 resistance.

The expected trend for today: Bullish

Origin: Economies

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