USD/CHF Mid-Day Outlook: Forecast and Analysis of Price Movement

Monday, 15 July 2024, 13:09

The USD/CHF mid-day outlook indicates a neutral bias with a potential for further decline, as long as the resistance at 0.9000 remains unbroken. A break below 0.8914 could lead to a target of 0.8825, with a subsequent break below aiming for the 50% retracement level at 0.8778. On the other hand, crossing above 0.9000 could shift the bias towards testing the resistance at 0.9049.

Actionforex — USD/CHF Mid-Day Outlook: Forecast and Analysis of Price Movement

USD/CHF Mid-Day Outlook

The intraday bias for USD/CHF currently stands neutral, with a likelihood of a downward movement unless the resistance at 0.9000 is breached.

Potential Targets:

0.8914: Key support level
0.8825: Immediate target on downside break
0.8778: 50% retracement level
0.9049: Critical resistance level

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.

USD/CHF Mid-Day Outlook

Potential Targets:

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