USDCHF Sustains Upside Run Beyond 0.9300 Level Amid Healthy NFP

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


USDCHF Price Analysis – March 8

The USDCHF pair is on the rise on Monday hitting the highest level since last year. The pair’s buyers are building on fresh momentum beyond the 0.9300 marks. The uptick was sponsored by the healthy NFP numbers released on Friday.

Key Levels
Resistance Levels: 0.9547, 0.9457, 0.9370
Support Levels: 0.9304, 0.9207, 0.9093
USDCHF Long term Trend: Bullish
USDCHF further run continues to attack upside barriers and we expect to see a temporary pause here, however the upside objective is raised towards the 0.9370 level. As the pair maintains a firm undertone, suggesting the recent uptrend would head to 0.9457 in the following sessions, daily RSI at overbought should cap upside.

On the downside, only below 0.9304 signals temporary top is made and may risk stronger retracement to 0.9200 level. Below which support moves initially to 0.9150, beneath which would ease the immediate upside bias and see an intraday top completed to point towards a correction lower.
USDCHF Short term Trend: Bullish
The intraday bias in USDCHF stays on the upside at this point. The present rally from 0.8870 is in progress for 61.8% retracement of 0.9901 to 0.8870 at 0.9457 level. On the downside, a break of 0.9150 minor support may alter intraday bias neutral again. But the further rally is anticipated as long as 0.9045 resistance altered support holds intact.

Below 0.9207 minor support may alter bias neutral and usher in range trading at first, before staging another rally. On the other hand, a failure of the 0.9150 support level should be the initial sign of a bearish reversal. Otherwise, its trend may stay bullish in the event of a mild pullback.

Note: Learn2.Trade 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

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *