The USDCHF gathers the positive momentum – Analysis 22-01-2024

usd_chf_forex_1The USDCHF pair touched 0.8700 level and found good resistance there, to show temporary sideways fluctuation that allowed it to gather the positive momentum on the intraday basis, waiting to motivate the price to resume the expected bullish trend in the upcoming sessions, reminding you that our next targets begin at 0.7840 followed by 0.8815.

The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 0.8610 and holding below it.

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

The expected trend for today: Bullish

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Origin: Economies

 

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