USDCHF Extends Prior Recovery Moves From the Level at 0.9600 Towards the 0.9696 Level
Login

USDCHF Extends Prior Recovery Moves From the Level at 0.9600 Towards the 0.9696 Level

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

USDCHF Price Analysis – March 31

USDCHF holds the U-turn of the prior day, thus bringing circles from the level of 0.9600 towards the mid-level at 0.9696 ahead of Tuesday’s American session. Even though yesterday the Fx pair stabilized sideways but could not resolve certain marked barriers, and thus stays fragile.

Key Levels
Resistance Levels: 1.0231, 10027, 0.9902
Support Levels: 0.9600, 0.9440, 0.9181

USDCHF Long term Trend: Ranging

Within the wider context, the fall from the level at 1.0231 is viewed as the third leg of the trend from the level of 1.0342 (high). Having reached 0.9242 main support (low) level, it should have concluded at 0.9181 level.

Retesting the 1.0231 high level may be seen as continued progress. After all, medium to long-term range trading may probably continue for some time between the level of 0.9181/1.0231.

USDCHF Short term Trend: Ranging

Amid current recovery, the intraday bias in USDCHF is considered neutral. On the upside, a break of 0.9696 minor resistance level can mean that the pullback from 0.9902 level is complete.

In the next level of 0.9902, intraday bias may be altered back to the upside. On the downside, a continuous break of 61.8 percent from 0.9181 to 0.9902 at 0.9440 level may approach a test at the main support level of 0.9181.

Instrument: USDCHF
Order: Buy
Entry price: 0.9600
Stop: 0.9550
Target: 0.9696

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News