The USDCHF faces negative pressure – Analysis - 06-04-2021
The USDCHF pair broke the main bullish channel’s support line clearly, to decline towards 0.9350 areas, noticing that the price leaned on the intraday bearish channel’s support line and bounced bullishly from there, to head towards achieving expected gains in the upcoming sessions, targeting testing 0.9425 level mainly.
Therefore, the bullish bias will be suggested for today, being aware that we need to monitor the price behavior at the waited level, as breaching it will push the price back to the main bullish track again, while holding against the current rise will press on the price to resume the bearish track and head towards 0.9320 as a next negative target.
The expected trading range for today is between 0.9320 support and 0.9440 resistance.
The expected trend for today: Bullish
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1982
|
0.0071
|
0.5994%
|
|
|
|
|
1.3839
|
0.0091
|
0.6648%
|
|
|
|
Tadawul
|
9987.92
|
124.63
|
1.26%
|
|
|
|
|
25.945
|
0.850
|
3.387%
|
|
|
|
|
63.092
|
2.702
|
4.474%
|
|
|
|
|
66.70
|
-0.23
|
0.34%
|
|
|
|
|
1775.845
|
38.910
|
2.240%
|
|
