The USDCHF price gathers the positive momentum – Forecast today - 10-05-2024
Economies.com
2024-05-10 03:57AM UTC
USDCHF Price Analysis
Expected Scenario
The USDCHF price encountered strong resistance from the EMA50, resulting in a slight bearish bias. However, stochastic indicators have shifted from negative to oversold signals, indicating potential assistance in pushing the price to resume the bullish track.
The bullish track targets mainly 0.9170 followed by 0.9225 levels.
Therefore, the bullish trend is expected to continue for the upcoming period, provided that the price remains stable above 0.9014.
Expected Trading Range for Today
Between the support at 0.9020 and the resistance at 0.9140
Trend Forecast: Bullish
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