The USDCHF breaks the support – Analysis - 24-03-2022

Economies.com
2022-03-24 04:37AM UTC

The USDCHF pair broke the intraday bullish trend line clearly and settled below it, to fall under expected negative pressure in the upcoming sessions, targeting visiting 0.9265 initially.

 

Therefore, the bearish bias will be expected for today unless breaching 0.9345 and holding above it, as breaching this level will lead the price to recover again and head to test 0.9400 barrier as a first positive station.

 

The expected trading range for today is between 0.9265 support and 0.9360 resistance.

 

The expected trend for today: Bearish

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