The USD/CHF breaks the support – Analysis – 21/03/2022

rub-l11The USDCHF pair broke 0.9345 level clearly and settled below it, to fall under expected negative pressure in the upcoming sessions, targeting testing 0.9265 level mainly.

Therefore, the bearish bias will be expected for today, noting that breaching 0.9345 and holding above it again will reactivate the positive scenario that its next main target located at 0.9470.

The expected trading range for today is between 0.9270 support and 0.9360 resistance.

The expected trend for today: Bearish

Origin: Economies

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