The USDCHF price gathers the positive momentum – Forecast today - 02-05-2024
Economies.com
2024-05-02 04:03AM UTC
USDCHF Price Analysis
Expected Scenario
- The USDCHF price faced temporary negative pressure yesterday to test 0.9150 areas, noticing that the EMA50 protects trading inside the bullish channel that appears on the chart, while stochastic gains the positive momentum and reaches the oversold areas.
- Therefore, these factors support the chances of resuming the main bullish trend, which targets 0.9300 areas as a next main station, noting that the continuation of the bullish wave depends on the price stability above 0.9100.
Expected Trading Range
Between the support at 0.9110 and the resistance at 0.9250.
Trend Forecast: Bullish
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