The USDCHF rose in its recent intraday trading, supported by its continuous trading above EMA50, and under the domination of a bullish correctional wave on a short-term basis, and its affection by breaching a bearish trend line previously. The price rise came after it succeeded in offloading some of its clear overbought conditions on the (RSI), besides the beginning of the positive signals’ appearance again, which adds more of the positive momentum.
Therefore, our expectations suggest the USDCHF rise in its upcoming intraday trading, conditioned by its stability above 0.8240, to target the resistance at 0.8380 level.
The expected trading range is between 0.8200 support and 0.8380 resistance.
Today’s forecast: Bullish
Origin: Economies
