The USDCHF continues to rise – Analysis - 31-03-2021

Economies.com
2021-03-31 04:16AM UTC

The USDCHF pair rallied upwards after breaching the bullish flag’s resistance mentioned yesterday, to support the continuation of the bullish trend within the bullish channel that appears on the chart, reminding you that our next main target is located at 0.9494.

 

Holding above 0.9415 represents initial condition to continue the expected rise, as breaking it will press on the price to test 0.9375 areas and might extend to 0.9340 before any new attempt to rise.

 

The expected trading range for today is between 0.9400 support and 0.9500 resistance.

 

The expected trend for today: Bullish

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