The USDCHF price within new positive pattern – Forecast today - 09-04-2024
Economies.com
2024-04-09 02:26AM UTC
USDCHF Price Analysis
Expected Scenario
The recent trades of the USDCHF pair are confined within a minor bearish channel, which we believe forms a bullish flag pattern. Breaching 0.9055 will activate the positive effect of this pattern, pushing the price to resume the main bullish trend, with the next target at 0.9200.
Therefore, we continue to suggest a bullish trend for the upcoming period, organized within the main bullish channel. Holding above 0.8975 is a major condition for the continuation of the bullish wave.
Expected Trading Range
Between the support at 0.8990 and the resistance at 0.9130
Trend Forecast: Bullish
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