The USD/CHF hits more extended targets – Analysis – 20/04/2022

usd_chf_forex_1The USDCHF pair rallied upwards to surpass 0.9470 level and reach our extended target at 0.9520, and the way is open to achieve more gains on the intraday and short term basis, as the next target reaches 0.9600.

Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 0.9495, as breaking it will press on the price to achieve some temporary intraday bearish correction before turning back to rise again.

The expected trading range for today is between 0.9480 support and 0.9580 resistance.

The expected trend for today: Bullish

Origin: Economies

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