The USDCHF price awaits confirmation signal – Forecast today – 01-07-2024

usd_chf_forex_1USDCHF Price Analysis

Expected Scenario
The USDCHF price provided additional positive trades to reach the 0.9014 level, remaining confined between the key levels of the mentioned resistance and 0.8950 support. This suggests a neutral stance until the price breaks one of these levels and establishes its next targets.
Breaking above the resistance could lead to further upside towards 0.9200 as the next positive target. Conversely, breaking below the support may reintroduce negative pressure, targeting 0.8885 as the initial downside station.

Expected Trading Range
Between 0.8930 support and 0.9070 resistance.

Trend Forecast: Neutral

Origin: Economies

 

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