The USDCHF breaks key support – Analysis - 31-03-2023
Economies.com
2023-03-31 02:03AM UTC
The USDCHF pair resumed its negative trading to break the symmetrical triangle’s support line that appears on the chart, to get good negative motive that supports the continuation of the expected bearish trend for the upcoming period, which its targets begin by testing 0.9060 level.
Therefore, our bearish overview will remain active, supported by the negative pressure formed by the EMA50, taking into consideration that breaching 0.9195 will stop the current negative pressure and push the price to test 0.9316 areas before any new negative attempt.
The expected trading range for today is between 0.9045 support and 0.9190 resistance.
The expected trend for today: Bearish
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