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USDCHF Price Breaks Support: Forecast for June 19, 2024

by Jennifer

USDCHF Price Analysis

The USDCHF price has clearly broken the 0.8885 level and settled below it, paving the way for further bearish correction. The next target is to reach 0.8780, and if this level is broken, the bearish wave could extend to 0.8675 as the next correctional target.

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Expected Trading Range for Today

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  • Support: 0.8760
  • Resistance: 0.8900

Trend Forecast: Bearish

The USDCHF is expected to continue its bearish trend, with technical indicators suggesting further declines unless key resistance levels are breached.

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