The USD/CHF rallies upwards – Analysis – 02/03/2021

usd_newsThe USDCHF pair breached 0.9090 level strongly and rallied upwards to activate the bullish trend scenario on the intraday and short term basis, and the way is open to visit 0.9190 as a next positive target, noting that breaching this level will extend the bullish wave to reach 0.9295 as a next station.

Therefore, the bullish trend will be suggested for the upcoming period unless breaking 0.9090 and holding below it.

The expected trading range for today is between 0.9100 support and 0.9230 resistance.

The expected trend for today: Bullish

Origin: Economies

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