The USDCHF hits the first target – Analysis - 03-04-2020
Economies.com
2020-04-03 05:05AM UTC
The USDCHF pair managed to achieve our first waited target at 0.9730 and breached it to settle above it, reinforcing the chances of continuing the bullish trend on the intraday and short term basis, organized inside the bullish channel that appears on the chart, waiting to head towards our next target at 0.9800.
The EMA50 supports the bullish wave, which its targets extend to reach 0.9900 after surpassing the previous level, noting that breaking 0.9730 followed by 0.9685 levels will stop the expected rise and press on the price to return to the correctional bearish track again.
The expected trading range for today is between 0.9650 support and 0.9850 resistance.
The expected trend for today: Bullish
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