The USDCHF price resumes the rise – Forecast today - 27-03-2024
Economies.com
2024-03-27 02:37AM UTC
USDCHF Pair Analysis
The USDCHF pair shows new positive trades to move away from the 0.9000 barrier, reinforcing the expectations of continuing the bullish trend on the intraday and short-term basis. The way is open to achieve our next target at 0.9105, with a potential push to test 0.9150 upon surpassing it.
- The bullish channel continues to organize the expected bullish wave, which receives continuous support from the EMA50.
- Breaking 0.9000$ might push the price to test the bullish channel’s support line around 0.8910 before any new attempt to rise.
The expected trading range for today is between 0.8970 support and 0.9115 resistance.
Trend forecast: Bullish
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