The USDCHF under the negative pressure – Analysis - 18-03-2022
Economies.com
2022-03-18 04:45AM UTC
The USDCHF pair bounced downwards strongly to test the key support base 0.9345, keeping its stability above it until now, accompanied by witnessing positive signals through stochastic, while the EMA50 meets the mentioned support to add more strength to it.
Therefore, we believe that the chances valid to resume the bullish trend in the upcoming sessions, and the next target is located at 0.9470, noting that breaking 0.9345 will stop the positive scenario and press on the price to turn to decline.
The expected trading range for today is between 0.9320 support and 0.9420 resistance.
The expected trend for today: Bullish
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