The USDCHF price activates the positive scenario – Forecast today – 07-08-2024

rub-l11The USDCHF price trades with clear positivity now to activate the positive scenario on the intraday basis, on its way to visit 0.8670 as a next positive station, motivated by the positive overlapping signal provided by stochastic now.

Therefore, we are waiting for more expected rise in the upcoming sessions, noting that breaking 0.8545 will stop the positive scenario and push the price to decline again.

The expected trading range for today is between 0.8510 support and 0.8640 resistance.

Trend forecast: Bullish

Origin: Economies

 

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