USDCHF retests – Analysis - 12-03-2018

The USDCHF pair retests 0.9488 level that was breached previously and keeps its stability above it until now, noticing that stochastic begins to overlap positively on the four hours’ time frame, which forms positive factor that we are waiting to motivate the price to resume the bullish trend in the upcoming sessions, noting that our waited targets begin at 0.9581 and extend to 0.9675.

On the other hand, we should note that breaking 0.9488 will stop the expected rise and push the price to test 0.9373 areas initially.

Expected trading range for today is between 0.9440 support and 0.9580 resistance.

Expected trend for today: Bullish