The USDCHF touches the target – Analysis - 15-10-2021

Economies.com
2021-10-15 04:14AM UTC

The USDCHF pair managed to touch our waited target at 0.9200 and found solid support there, to show some bullish bias and head towards potential test to the key resistance 0.9265, and we recommend to stay aside now until we get clearer signal for the next trend, which we will get through breaching one of the mentioned levels.

 

Note that breaking 0.9200 support line will press on the price to achieve additional decline that reaches 0.9140 as a next target, while breaching 0.9265 represents the key to regain the bullish trend that its first target located at 0.9345.

 

The expected trading range for today is between 0.9180 support and 0.9265 resistance.

 

The expected trend for today: Neutral

Forex and Currency News

Forex News

Forex

Dollar hits six-week high ahead of US growth data
2024-03-28 11:38AM UTC
US Dollar's Rise in European Trade The US dollar rose in European trade on Thursday against a ...
EUR/USD news

Forex

Euro sharpens decline to five-week trough on the interest rate gap
2024-03-28 08:30AM UTC
Euro declined in European trade on Thursday against a basket of major rivals, sharpening losses for ...
Forex News

Forex

Dollar under pressure ahead of Christopher Waller's speech
2024-03-27 11:18AM UTC
The dollar declined in European trade on Wednesday against a basket of major rivals away from ...

Forex Technical Analysis

NZD USD Analysis

Forex

The NZDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
NZDUSD Price Analysis The NZDUSD price resumes its negative trading to move away from 0.6000$ ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
AUDUSD Price Analysis The AUDUSD price achieved initial break to 0.6500$ level and closed the ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 28-03-2024
2024-03-28 10:19AM UTC
EURUSD Trading Analysis The EURUSD price resumes its negative trading to approach our first ...