The USDCHF price tests the moving average – Forecast today - 18-04-2024
Economies.com
2024-04-18 04:07AM UTC
Price Analysis: USDCHF
Expected Scenario
- The USDCHF price faces negative pressure to test the EMA50, forming minor support at 0.9100. This level represents the first protection factor to the continuation of the main bullish trend, suggesting the dominance of the bullish track within the bullish channel seen on the chart, targeting 0.9200 as the next station.
- However, breaking 0.9100 followed by 0.9055 levels will stop the expected rise and push the price to start bearish correction on the intraday basis.
Expected Outcome
The expected trading range for today is between 0.9040 support and 0.9180 resistance.
Trend Forecast: Bullish
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