The USDCHF attempts to recover – Analysis - 05-03-2019
Economies.com
2019-03-05 05:11AM UTC
The USDCHF pair provided clear positive trades yesterday and settled above 0.9990 barrier, which stops the recently suggested negative scenario and bring us back to neutrality, as trades are confined within sideways track that its lines represented by 0.9980 support and 1.0025 resistance, thus, the price needs to breach one of these levels to detect its next destination clearly.
Note that breaking the mentioned support will push the price to decline again and head towards 0.9900 mainly, while breaching the resistance will lead the price to regain the main bullish track that its next main target located at 1.0128.
The expected trading range for today is between 0.9940 support and 1.0050 resistance.
The expected trend for today: Neutral
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