The USDCHF approaches the target – Analysis - 04-10-2021

2021-10-04 04:25:22 GMT (Economies.com)
 

The USDCHF pair provided negative trades in the previous sessions to face the EMA50 that forms good support against the price, waiting for more decline to visit 0.9265 that represents the main expected target.

 

Therefore, we will keep our bearish overview unless the price rallied to breach 0.9345 and hold above it, as this breach will lead the price to resume the main bullish track that its next target located at 0.9400.

 

The expected trading range for today is between 0.9265 support and 0.9350 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
0.9802
0.0147
1.5193%
1.1165
0.0345
3.1856%
19.049
0.190
1.008%
80.050
0.756
0.953%
87.96
-0.53
0.60%
1664.495
19.135
1.163%
 
 
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