Daily Market Review. 19.03.2024 USD/CHF
Welcome to our financial market update on this 19th of March, 2024, brought to you by Investizo, your trusted forex broker.
Welcome to our financial market update on this 19th of March, 2024, brought to you by Investizo, your trusted forex broker.
Today, we're turning our attention to the USDCHF pair, which has shown a remarkable performance. The pair resumed its upward trajectory yesterday, moving away from the support line of its bullish channel. This movement reinforces our expectations for a continued bullish trend on both the intraday and short-term basis. Our eyes are set on the main target of 0.9000.
Supporting this bullish wave is the EMA50, continuing to play a crucial role in ensuring trades remain within the bullish channel. It's important to note that maintaining a position above 0.8820 is crucial for the expected rise to continue.
For today, the expected trading range lies between the support level of 0.8820 and the resistance at 0.8960.
Trend forecast for today: Bullish.
Stay tuned for more updates and ensure your trading strategies are aligned with the latest market trends. Investizo - your gateway to informed trading decisions.
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.