The USDCHF price needs strong positive momentum – Forecast today – 30-05-2024

chf_forexUSDCHF Price Analysis

Expected Scenario
The USDCHF price shows weak trades since yesterday, waiting to gather enough positive momentum to push the price to continue the rise on the intraday and short-term basis, reminding you that our waited target is located at $0.9224.
The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking $0.9080 and holding below it.

Expected Trading Range
Between $0.9060 support and $0.9200 resistance.

Trend Forecast: Bullish

Origin: Economies

 

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