106
USD/CHF Price Analysis
Expected Scenario
Advertisements
The USD/CHF pair failed to trade above the $0.9014 level again, breaking below $0.8990 and moving towards a new bearish correction on an intraday basis. The next main target is the $0.8885 area.
Advertisements
Supporting Factors
A bearish bias is suggested for today, supported by the price moving below the EMA50 (Exponential Moving Average). However, breaching the $0.9014 level would halt the current negative pressure and potentially lead to a price recovery.
Expected Trading Range
Today’s anticipated trading range for USD/CHF is between the $0.8900 support level and the $0.9050 resistance level.
Trend Forecast
The trend forecast for USD/CHF is bearish.
