USDCHF approaches the target – Analysis - 21-03-2018

The USDCHF pair resumed its positive trading to approach our first waited target at 0.9581, and it might show some temporary bearish bias affected by stochastic negativity, but we will continue to suggest the bullish trend supported by the EMA50 that protects trading inside the bullish channel that appears on the chart, noting that breaching the mentioned level will push the price towards 0.9675 as a next station.

Holding above 0.9488 is important to achieve the suggested targets, as breaking it will put the price under the negative pressure again, to target 0.9373 level initially.

Expected trading range for today is between 0.9490 support and 0.9620 resistance.

Expected trend for today: Bullish