The USDCHF price is recovering – Forecast today – 03-10-2024

Dollar1The USDCHF price surpassed 0.8465 level to head towards achieving expected gains on the intraday basis, targeting testing 0.8543 mainly, being aware that it is important to monitor the price when reaching this level due to its importance to determine the next trend.

Note that the continuation of the rise and breaching the last level will lead the price to achieve more gains and target 0.8600$ followed by 0.8673$ levels as next positive stations, while the consolidation against the current rise will push the price to turn to decline and resume the main bearish trend again.

The expected trading range for today is between 0.8430 support and 0.8570 resistance.

Trend forecast: Bullish

Origin: Economies

 

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