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USDCHF Price Forecast – June 24, 2024: Waiting for Positive Momentum

by Jennifer

USDCHF Price Analysis

The USDCHF price is currently trading above the EMA50, positioning itself to gather bullish momentum for a potential continuation of the upward trend in the near term. The next target for the bullish move is projected at 0.9014. It’s crucial to monitor key support levels, particularly around 0.8885, as a breach could shift sentiment towards correctional bearish pressures.

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Expected Scenario

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Today’s forecast for the USDCHF pair leans towards a bullish bias on an intraday basis. Traders should anticipate potential positive momentum to support further upward movement towards the target at 0.9014. However, a downside break below 0.8885 might introduce corrective bearish pressures.

Expected Trading Range

  • Support: 0.8860
  • Resistance: 0.9000

Trend Forecast: Bullish

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