The USDCHF resumes the rise – Analysis 10-01-2024

chf_forexThe USDCHF pair returned to rise after the temporary decline that it witnessed in the previous sessions, to surpass the EMA50 and settle above it, reinforcing the expectations of continuing the bullish trend, reminding you that our targets begin at 0.8550 and extend to 0.8700 after surpassing the previous level.

On the other hand, we should note that breaking 0.8450 will stop the suggested rise and force the price to turn to decline.

The expected trading range for today is between 0.8460 support and 0.8600 resistance.

The expected trend for today: Bullish

Origin: Economies

 

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