The USDCHF price continues to rise – Forecast today - 08-05-2024
Economies.com
2024-05-08 03:54AM UTC
USDCHF Price Analysis
Outlook and Forecast for Current Trading Sessions
Expected Scenario
- Price continues rising towards key resistance at 0.9095 (EMA50)
- Bullish overview remains valid
- Importance of holding above 0.9014 for achieving suggested targets
The USDCHF price keeps rising to reach the EMA50 that forms key resistance around 0.9095, and the price needs to surpass this level to confirm the continuation of the bullish wave and head towards our positive targets that start at 0.9170 followed by 0.9225.
Therefore, our bullish overview will remain valid, reminding you that it is important to hold above 0.9014 to achieve the suggested targets.
Expected Trading Range
- Support: 0.9030
- Resistance: 0.9160
Trend Forecast: Bullish
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