Latest Analysis on USD/CHF Currency Pair - What to Expect Today

Thursday, 11 July 2024, 06:18
The USD/CHF intraday bias is currently neutral as the range trading persists. Recent rebound from 0.8825 may have reached its peak at 0.9049, following a rejection at the falling channel resistance level. A breach below 0.8942 could trigger a deeper decline towards the 0.8825 support level. On the contrary, surpassing 0.9049 will signal a potential bullish trend resumption originating from the 0.8825 low.
Actionforex
Latest Analysis on USD/CHF Currency Pair - What to Expect Today

USD/CHF Daily Outlook

Intraday bias in USD/CHF remains neutral as range trading continues. As noted before, rebound from 0.8825 could have completed at 0.9049, after rejection by falling channel resistance. Below 0.8942 will bring deeper fall to 0.8825 support. Nevertheless, break of 0.9049 will revive near term bullishness and resume the rebound from 0.8825 instead.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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