The USD/CHF touches the target – Analysis – 03/10/2022

rub-l11The USDCHF pair traded with strong positivity in the previous sessions to succeed touching our waited target at 0.9860, and it needs to breach this level to confirm extending the bullish wave and achieve positive targets that start at 0.9920 and extend to 1.0000.

Until now, we will continue to suggest the bullish trend supported by the EMA50, noting that failing to breaching 0.9860 will force the price to decline again and head to test 0.9730 mainly.

The expected trading range for today is between 0.9790 support and 0.9920 resistance.

The expected trend for today: Bullish

Origin: Economies

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