The USDCHF price hits the first extended target – Forecast today – 13-11-2024

chf_forexThe USDCHF price provided new positive trades yesterday to touch our first waited target at 0.8830, waiting for more rise to test 0.8883 that represents our next positive station.

Stochastic gets rid of its negative momentum clearly, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which will remain valid unless breaking 0.8778 and holding with a daily close below it.

The expected trading range for today is between 0.8760 support and 0.8900 resistance.

Trend forecast: Bullish

Origin: Economies

 

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