The USDCHF price completes the positive pattern – Forecast today - 11-04-2024
Economies.com
2024-04-11 04:24AM UTC
USDCHF Price Analysis
Expected Scenario
- The USDCHF pair rallied strongly after completing the bullish flag pattern, reaching 0.9150 areas.
- Expectations favor continuing the main bullish trend within the bullish channel on the chart, with the next target at 0.9200.
Expected Outcome
The EMA50 continues to support the expected bullish wave. Breaking 0.9090 will halt the suggested rise, leading to a test of the bullish channel’s support line around 0.8990 before any new positive attempt.
Expected Trading Range
Between 0.9050 support and 0.9210 resistance.
Trend Forecast: Bullish
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