The USDCHF consolidates below the resistance – Analysis - 29-03-2022

Economies.com
2022-03-29 04:38AM UTC

The USDCHF pair attempted to breach 0.9345 but it bounced bearishly to settle below it again, which encourages us to suggest the bearish bias in the upcoming sessions, on its way to visit 0.9265 as a first main station.

 

Stochastic shows negative signals that support the expected decline, which will remain valid unless breaching 0.9345 and holding above it.

 

The expected trading range for today is between 0.9265 support and 0.9380 resistance.

 

The expected trend for today: Bearish

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