USDCHF Price Analysis
Expected Scenario
The USDCHF price is fluctuating around the EMA50. Stochastic has moved out of its negative momentum zone into oversold areas, which could potentially motivate the price to rise and test 0.9014$ as the next main target.
The bullish trend scenario remains valid for the upcoming period. Breaking below 0.8885$ will halt the expected rise and initiate a new bearish correction targeting 0.8780$.
Expected Trading Range
Between 0.8860$ support and 0.9000$ resistance.
Trend Forecast: Bullish
