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USD/CHF Price Forecast for July 3, 2024

by Jennifer

USD/CHF Price Analysis:

The USD/CHF pair is currently maintaining its position above the $0.9014 level, with the stochastic oscillator beginning to shed its negative momentum. Additionally, the 50-day Exponential Moving Average (EMA) is providing positive support to the price.

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Given these factors, a further rise in the USD/CHF pair is anticipated in the upcoming sessions, with the next target set at $0.9200. However, it is crucial to note that a break below the $0.9014 level would halt the bullish trend and potentially push the price back into a correctional bearish phase.

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Expected Trading Range:

Today’s trading range is expected to be between the $0.8980 support level and the $0.9120 resistance level.

Trend Forecast: Bullish

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