Forex

The USDCHF hits the extended target – Analysis - 21-03-2019

2019-03-21 05:26:40 GMT (Economies.com)

The USDCHF pair traded with strong negativity yesterday to succeed touching our waited target at 0.9900, noticing that the price finds solid support there, as it forms 38.2% Fibonacci correction level for the rise from 0.9542 to 1.0128, which hints the price head to start recovery attempts in the upcoming sessions.

 

Therefore, we expect witnessing positive trades today, and the main target is represented by testing 0.9990 level, taking into consideration that breaking 0.9900 will stop the expected rise and put the price under more negative pressure that its next targets reach 0.9835.

 

The expected trading range for today is between 0.9860 support and 0.9990 resistance.

The expected trend for today: Bullish

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