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.
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.

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