The USD/CHF surpasses the first target – Analysis – 14/03/2022

rub-l11The USDCHF pair managed to achieve our waited target at 0.9345 and breached it to settle above it, which supports the continuation of the bullish trend scenario on the intraday and short term basis, noting that the next positive targets reach 0.9400 followed by 0.9470.

Holding above 0.9345 is important to continue the expected rise, as breaking it will press on the price to test 0.9265 areas again before any new attempt to rise.

The expected trading range for today is between 0.9320 support and 0.9420 resistance.

The expected trend for today: Bullish

Origin: Economies

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