USDCHF Price Breaks Up $0.93 Resistance Level Targeting $0.94

The US Dollar crosses above the 0.93 level, signaling that a new uptrend may unfold in this pair moving forward. High volume has been seen on both sides of the market, lending credence to this move up and setting up for further gains before resistance at $0.96 is tested next week

March 15th USDCHF Price Analysis

An increase in the Bulls’ momentum will result in a rise in the USDCHF price, which might hit the resistance levels of An increase in the Bulls’ momentum will lead to an increase in the USDCHF price which may reach the resistance level at $0.94, 0.95 levels and may extend to $0.96 level. Interference of the bears may reduce the price to the support level at $0.93, $0.92 and $0.91 levels..94, 0.95, and An increase in the Bulls’ momentum will lead to an increase in the USDCHF price which may reach the resistance level at $0.94, 0.95 levels and may extend to $0.96 level. Interference of the bears may reduce the price to the support level at $0.93, $0.92 and $0.91 levels..96. Bearish interference might push the market down to support levels of An increase in the Bulls’ momentum will lead to an increase in the USDCHF price which may reach the resistance level at $0.94, 0.95 levels and may extend to $0.96 level. Interference of the bears may reduce the price to the support level at $0.93, $0.92 and $0.91 levels..93, An increase in the Bulls’ momentum will lead to an increase in the USDCHF price which may reach the resistance level at $0.94, 0.95 levels and may extend to $0.96 level. Interference of the bears may reduce the price to the support level at $0.93, $0.92 and $0.91 levels..92, and An increase in the Bulls’ momentum will lead to an increase in the USDCHF price which may reach the resistance level at $0.94, 0.95 levels and may extend to $0.96 level. Interference of the bears may reduce the price to the support level at $0.93, $0.92 and $0.91 levels..91.

USDCHF Exchange Rates

Levels of importance:

Resistance levels: $0.94, $0.95, $0.96.94, Resistance levels: $0.94, $0.95, $0.96.95, and Resistance levels: $0.94, $0.95, $0.96.96 are the resistance levels.

Levels of support: Support levels: $0.93, $0.92, $0.91.93, Support levels: $0.93, $0.92, $0.91.92, Support levels: $0.93, $0.92, $0.91.91

 

Long-term trend for USDCHF is bullish.

USDCHF is bullish on the long-term outlook. The former resistance level of $0.92 has turned to support level which indicates that the bulls keep on ruling the USDCHF Exchange Rates. USDCHF was consolidating within $0.92 and $0.91 price level last week. Today, the bulls gain more pressure to break up the $0.92 resistance level and the price move towards the resistance level at $0.93 with the formation of strong daily bullish candle. Today, $0.93 resistance level is broken upside and the price test $0.94.

15th of March, USDCHF daily chart

The currency pair has broken up the two EMAs. The 9 periods EMA and the 21 periods EMA remains below the currency pair which is moving towards $0.94 level which indicate an increase in the Bulls’ strength in the daily chart. The Relative Strength Index period 14 is at 68 levels pointing up to indicate buy signal. An increase in the Bulls’ momentum will result in a rise in the USDCHF price, which might hit the resistance levels of An increase in the Bulls’ momentum will lead to an increase in the USDCHF price which may reach the resistance level at $0.94, 0.95 levels and may extend to $0.96 level. Interference of the bears may reduce the price to the support level at $0.93, $0.92 and $0.91 levels..94, 0.95, and An increase in the Bulls’ momentum will lead to an increase in the USDCHF price which may reach the resistance level at $0.94, 0.95 levels and may extend to $0.96 level. Interference of the bears may reduce the price to the support level at $0.93, $0.92 and $0.91 levels..96. Bearish interference might push the market down to support levels of An increase in the Bulls’ momentum will lead to an increase in the USDCHF price which may reach the resistance level at $0.94, 0.95 levels and may extend to $0.96 level. Interference of the bears may reduce the price to the support level at $0.93, $0.92 and $0.91 levels..93, An increase in the Bulls’ momentum will lead to an increase in the USDCHF price which may reach the resistance level at $0.94, 0.95 levels and may extend to $0.96 level. Interference of the bears may reduce the price to the support level at $0.93, $0.92 and $0.91 levels..92, and An increase in the Bulls’ momentum will lead to an increase in the USDCHF price which may reach the resistance level at $0.94, 0.95 levels and may extend to $0.96 level. Interference of the bears may reduce the price to the support level at $0.93, $0.92 and $0.91 levels..91.

 

Bullish USDCHF Medium-Term Trend

USDCHF is bullish in the medium-term outlook. The currency pair bounces at the support level of $0.91 and rallies towards the $0.93 resistance level. It penetrates the barrier at $0.92 level. Today, the bulls dominate the USDCHF Exchange Rates and the price is targeting the resistance level at $0.94.

March 15th, USDCHF 4-hour chart

USDCHF is trading above the two EMAs, with the 9 period EMA crossing the 21 period EMA to the upside. Meanwhile, the Relative Strength Index (RSI) for period 14 is at 78, with an upward trend, indicating a buy signal.