The USDCHF surpasses the extended target – Analysis - 27-03-2020
Economies.com
2020-03-27 05:21AM UTC
The USDCHF pair succeeded to achieve our waited target at 0.9626 yesterday, starting today with more decline to break this level and open the way to head towards the next correctional level at 0.9541, which supports the continuation of the bearish trend domination on the intraday basis, noting that surpassing the mentioned level will extend the bearish wave to reach 0.9456.
Holding below 0.9626 is important to achieve the mentioned targets, as breaching it will lead the price to start recovery attempts that target testing 0.9730 areas initially before any new attempt to decline.
The expected trading range for today is between 0.9500 support and 0.9670 resistance.
The expected trend for today: Bearish
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