The USD/CHF tests the resistnace – Analysis – 11/03/2021

forex-news-usd_dollarThe USDCHF pair tested the key resistance 0.9320 and kept its stability below it, to keep the bearish trend scenario valid and active for the upcoming period, supported by stochastic negativity, waiting to head towards 0.9255 as a first station, which breaking it represents the key to rally towards 0.9185 direct.

On the other hand, we should note that breaching 0.9320 followed by 0.9330 levels will stop the expected decline and lead the price to resume the main bullish wave again.

The expected trading range for today is between 0.9240 support and 0.9330 resistance.

The expected trend for today: Bearish

Origin: Economies

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