The USD/CHF breaches the resistance – Analysis – 13/03/2020

forex-news-usd_dollarThe USDCHF pair breached 0.9435 level strongly and settled above it, which leads the price to achieve expected gains in the upcoming sessions, waiting to test 0.9588 level initially.

Therefore, the bullish bias will be suggested for today, noting that breaking 0.9435 and holding below it again will reactivate the main bearish trend scenario that its next target located at 0.9187.

The expected trading range for today is between 0.9360 support and 0.9530 resistance.

The expected trend for today: Bullish

Origin: Economies

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