USDCHF breaches the resistance – Analysis - 16-03-2018

2018-03-16 05:03:28 GMT (Economies.com)
 

The USDCHF pair rallied upwards clearly yesterday to breach 0.9488 level and settles above it, opening the way to extend the bullish correction on the intraday and short term basis, to head towards testing 0.9581 level as a next station.

 

Therefore, the bullish trend will be expected in the upcoming sessions, supported by the EMA50 that reinforces the continuation of moving inside the bullish channel that appears on the chart, noting that the continuation of the expected rise depends on the price stability above 0.9488 and 0.9445 levels.

 

Expected trading range for today is between 0.9445 support and 0.9581 resistance.

 

Expected trend for today: Bullish

 

 
 
 
  Symbol Last Change Chg.%
0.9690
0.0035
0.3615%
1.0810
-0.0010
0.0901%
18.854
-0.004
0.024%
82.230
2.936
3.703%
89.32
3.00
3.48%
1657.745
12.385
0.753%
 
 
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