The USDCHF hits the first target – Analysis - 25-03-2022

Economies.com
2022-03-25 04:18AM UTC

The USDCHF pair managed to touch our waited target at 0.9265 and presses negatively on it, to suggest surpassing this level and open the way to rally towards 0.9200 as a next negative target.

 

Therefore, we expect to witness more decline in the upcoming sessions, noting that the continuation of the bearish wave depends on the price stability below 0.9345.

 

The expected trading range for today is between 0.9210 support and 0.9310 resistance.

 

The expected trend for today: Bearish

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