The USDCHF attempts to recover – Analysis - 03-04-2023

Economies.com
2023-04-03 01:42AM UTC

The USDCHF pair couldn’t manage to continue the decline after breaking the symmetrical triangle’s support line, to trade positively by today’s open and head towards achieving expected gains in the upcoming sessions, and it needs to breach 0.9180 to confirm the continuation of the rise and head towards achieving positive targets that start at 0.9316.

 

Therefore, we expect to witness positive trades in the upcoming sessions, supported by stochastic positivity, noting that breaking 0.9150 will stop the expected rise and press on the price to resume the bearish wave again.

 

The expected trading range for today is between 0.9110 support and 0.9260 resistance.

 

The expected trend for today: Bullish

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