Intraday Bias for USD/CHF Remains Neutral Within the 0.8942/0.9049 Range
Wednesday, 10 July 2024, 12:54
USD/CHF Mid-Day Outlook
The USD/CHF currency pair is currently trading within the range of 0.8942 to 0.9049, with the intraday bias staying neutral. A rebound from 0.8825 may have completed at 0.9049, following rejection at the falling channel resistance. A breach below 0.8942 could lead to a deeper decline towards the 0.8825 support level. However, a breakout above 0.9049 would signal a resurgence in short-term bullish sentiment, continuing the rebound initiated from 0.8825.
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