The USDCHF price awaits more rise – Forecast today – 20-05-2024

usd_chf_forex_1USDCHF Price Analysis

Expected Scenario
The USDCHF price settles above the EMA50, indicating a pause before resuming the bullish wave targeting 0.9224 as the next station.
To keep the positive scenario active, holding above 0.9014 is crucial for the continuation of the bullish trend.
Breaking below this level will lead to a return to the correctional bearish track and may trigger a move towards negative targets, starting at 0.8884 areas.

Expected Trading Range
Between 0.9020 support and 0.9160 resistance.

Trend Forecast: Bullish

Origin: Economies

 

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