USDCHF - Weekly Forecast 18th - 22nd March
USDCHF has fallen for 4 consecutive days and has shown a strong sign of further depreciation.
At the beginning of the week, the price may experience some ranging movement as the dollar retraces higher while USDCHF tries to fall further.
Once the dollar ends its retracement, the price will make a wave of depreciation after hovering near the supply zone at 1.004.
However, the price will face some support very soon at the most immediate rising trendline before the bottom of the ascending triangle and the demand zone just above 0.99
At the beginning of the week, the price may experience some ranging movement as the dollar retraces higher while USDCHF tries to fall further.
Once the dollar ends its retracement, the price will make a wave of depreciation after hovering near the supply zone at 1.004.
However, the price will face some support very soon at the most immediate rising trendline before the bottom of the ascending triangle and the demand zone just above 0.99
