The USD/CHF achieves more gains – Analysis – 18/04/2023

usd_newsThe USDCHF pair surpassed 0.8940 level and settled above it, to head towards achieving more expected bullish bias on the intraday basis, targeting testing 0.9055 level as a next positive station, noting that breaching this level will extend the bullish wave to reach 0.9195 as a next main target.

Therefore, the bullish bias will be suggested in the upcoming sessions, noting that breaking 0.8960 will stop the positive scenario and press on the price to resume the main bearish trend again.

The expected trading range for today is between 0.8910 support and 0.9060 resistance.

The expected trend for today: Bullish

Origin: Economies

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