The USDCHF gets a positive signal – Analysis 06-03-2024

usd_cad_news_prognozThe USDCHF pair leaned on the EMA50 that forms good support against the price and begins to provide calm positive trades, to support the continuation of the expected bullish trend in the upcoming period, organized inside the bullish channel that appears on the chart, reminding you that we are waiting to head towards 0.9000 followed by 0.9140 levels as next main stations.

Stochastic provides positive signals that support the expectations to rise, which will remain valid unless breaking 0.8760 and holding below it.

The expected trading range for today is between 0.8780 support and 0.8930 resistance.

The expected trend for today: Bullish

Origin: Economies

 

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