USDCHF resumes rising – Analysis - 19-03-2018

The USDCHF pair leaned well on 0.9488 level to resume its positive trading, on its way towards our first waited target at 0.9581, as the price moves inside bullish channel that appears on the above chart, supported by the EMA50 that protects trading inside this channel, noting that breaching the targeted level will extend the pair’s gains to reach 0.9675.

Therefore, the bullish trend will remain suggested for today unless we witnessed clear break for 0.9488 followed by 0.9460 levels and hold below them.

Expected trading range for today is between 0.9460 support and 0.9610 resistance.

Expected trend for today: Bullish