The USD/CHF continues to rise – Analysis – 08/03/2021

usd_chf_forex_1The USDCHF pair shows new positive trades to attempt to surpass 0.9318 resistance now, which keeps the bullish trend scenario valid and active for the upcoming period, supported by the EMA50, reminding you that our next target is located at 0.9375.

The bullish channel that appears on the chart organizes the suggested bullish wave, which will remain valid conditioned by the price stability above 0.9260.

The expected trading range for today is between 0.9270 support and 0.9380 resistance.

The expected trend for today: Bullish

Origin: Economies

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