The USD/CHF approaches the target – Analysis – 29/03/2019

usd_new_1The USDCHF pair shows calm positive trades to gradually approach our waited target at 0.9990, noticing that stochastic reaches the thresholds of the oversold areas, waiting to motivate the price to breach the mentioned level followed by opening the way to extend the bullish wave on the short term basis, as the next target reaches 1.0128.

Therefore, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 0.9900 level and holding below it.

The expected trading range for today is between 0.9900 support and 1.0040 resistance.

The expected trend for today: Bullish

The USDCHF approaches the target – Analysis - 29-03-2019

Origin: Economies

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