The USDCHF tests the channel’s support line – Analysis - 21-04-2022
Economies.com
2022-04-21 01:33AM UTC
The USDCHF pair traded with clear negativity yesterday to test the bullish channel’s support line that appears on the chart, and begins to rebound bullishly to hint the beginning of new bullish wave on the intraday basis, to keep the main bullish trend active on the intraday and short term basis, targeting heading towards 0.9565 areas mainly.
The EMA50 supports the suggested bullish wave, which will remain valid unless breaking 0.9470 and holding below it.
The expected trading range for today is between 0.9460 support and 0.9565 resistance.
The expected trend for today: Bullish
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