The USDCHF surpasses the resistance – Analysis - 19-03-2021

The USDCHF pair traded with strong positivity yesterday to breach 0.9256 level, as it approached 0.9318 level, but it bounced bearishly to hint the continuation of the bearish trend domination on the intraday trades, supported by stochastic current negativity, which makes us suggest witnessing more decline in the upcoming sessions, waiting to break 0.9256 to reinforce the chances of heading towards 0.9180 as a first negative target.

On the other hand, we should note that breaching 0.9290 followed by 0.9318 levels will stop the expected decline and lead the price to turn to rise.

The expected trading range for today is between 0.9200 support and 0.9320 resistance.

The expected trend for today: Bearish