The USD/CHF tests the support base – Analysis — 18/11/2021

The USD/CHF tests the support base – Analysis — 18/11/2021

The USDCHF pair trades with clear negativity to test the support base that was formed above 0.9265 level, accompanied with stochastic reach to the oversold levels, waiting for motivating the price to resume the main bullish trend, which targets testing 0.9345 level initially.

You should be aware that breaking 0.9265 level will put the price under extra negative pressures to head towards 0.9200 level directly.

The expected trading range for today is between 0.9230 support and 0.9345 resistance.

The expected trend for today: Bullish

The USD/CHF tests the support base – Analysis — 18/11/2021

Origin: Economies

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