The USDCHF price faces solid resistance – Forecast today - 26-04-2024
Economies.com
2024-04-26 03:58AM UTC
USDCHF Price Analysis
Expected Scenario
The USDCHF price encountered solid resistance at the 0.9151 level, leading to a bearish bias and approaching the support line of the bullish channel.
The EMA50 is acting as support, preventing further decline, while the stochastic indicator has reached oversold areas.
We continue to suggest a bullish trend for the intraday and short-term basis. The expected targets are at 0.9200 and 0.9245, contingent on maintaining a level above 0.9100.
Key Levels
Achieving the targets requires holding above 0.9100.
Expected Trading Range
Between the support at 0.9070 and the resistance at 0.9210.
Trend Forecast: Bullish
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