The USDCHF attempts positively – Analysis - 03-03-2022

Economies.com
2022-03-03 04:04AM UTC

The USDCHF pair attacked 0.9200 level to settle above it now, while the EMA50 forms negative pressure against the price, to keep the chances valid to resume the expected bearish trend on the intraday basis, which targets 0.9135 as a next station.

 

Until now, the bearish trend scenario will remain valid unless the price continued to rise to breach 0.9265 and hold above it.

 

The expected trading range for today is between 0.9160 support and 0.9265 resistance.

 

The expected trend for today: Bearish

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