USD/CHF Mid-Day Market Analysis and Outlook
Tuesday, 30 July 2024, 13:36
USD/CHF Market Analysis
The intraday bias for USD/CHF remains neutral, indicating that the consolidation from 0.8776 could extend.
Current Resistance and Support Levels
- If 0.8923 resistance holds, further decline is expected.
- A break below 0.8776 will resume the downtrend.
- The next target on the downside is 0.8672.
Potential Market Movements
- A break of 0.8923 will shift bias back to the upside.
- This rebound could strengthen market positions.
In conclusion, traders should closely monitor the key levels of 0.8776 and 0.8923 to navigate potential market movements effectively.
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.