The USDCHF price gets new positive motive – Forecast today – 24-05-2024

chf_forexPrice Analysis for USDCHF

Expected Scenario
The USDCHF price is currently hovering around the 0.9150 level, with the stochastic indicator showing positive momentum. This suggests a potential resumption of the bullish trend, targeting the next resistance level at 0.9224.
Therefore, our outlook remains bullish for the upcoming period, with a key condition being the price’s ability to maintain its position above the 0.9080 level.

Expected Trading Range
Between 0.9080 support and 0.9220 resistance.

Trend Forecast: Bullish

Origin: Economies

 

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