The USD/CHF breaches the resistance – Analysis – 09/03/2022

chf_forexThe USDCHF pair breached 0.9265 clearly and settled above it, to activate the positive scenario on the intraday basis, targeting testing 0.9345 level initially.

Therefore, the bullish bias will be suggested for today, supported by the EMA50 that carries the price from below, noting that breaking 0.9265 will push the price back to the sideways track.

The expected trading range for today is between 0.9240 support and 0.9350 resistance.

The expected trend for today: Bullish

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