The USDCHF price still positive – Forecast today - 17-04-2024

USDCHF Price Analysis

Expected Scenario

• The USDCHF price's recent trades are confined within an ascending triangle pattern.
• To resume the main bullish trend, the price needs to surpass 0.9150, which would provide a positive motive to push the price higher.
• The next targets for the bullish trend are located at 0.9200 and extend to 0.9305 after surpassing the previous level.
• The EMA50 continues to support the suggested bullish wave, which remains valid as long as the price remains stable above 0.9045.

Expected Trading Range

Between 0.9070 support and 0.9200 resistance.