The USDCHF achieves strong gains – Analysis - 20-09-2021

Economies.com
2021-09-20 08:10AM UTC

The USDCHF pair rallied upwards again to approach the second waited target at 0.9345, and  by taking a deeper look at the chart, we find that the price completed forming positive pattern that has positive targets that surpass the mentioned level to reach 0.9470 areas.

 

Therefore, we expect to witness more rise in the upcoming period, supported by the EMA50 that carries the price from below, noting that holding above 0.9265 is important to continue the bullish trend.

 

The expected trading range for today is between 0.9280 support and 0.9380 resistance.

 

The expected trend for today: Bullish

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