The USDCHF price under the negative pressure – Forecast today - 04-04-2024
Economies.com
2024-04-04 01:39AM UTC
USDCHF Price Analysis
- The USDCHF pair faced clear negative pressure yesterday to test the EMA50 that forms good intraday support line against the price at 0.9020.
- Accompanied by stochastic entering the oversold areas, suggesting valid chances to rebound bullishly and resume the main bullish trend.
- The main target is 0.9200 areas.
- Breaking 0.9020 will push the price to achieve additional decline and test the most important support line at 0.8950 before any new positive attempt.
The expected trading range for today is between 0.8960 support and 0.9110 resistance.
Trend forecast: Bullish
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