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The USDCHF price confirms the break – Forecast today - 04-06-2024
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The USDCHF price confirms the break – Forecast today - 04-06-2024
Jun 3, 2024 9:55 PM

Price Analysis: USDCHF Expected Scenario The USDCHF price broke the 0.9014 level clearly and ended yesterday below it, confirming the beginning of the bearish correction and opening the way to achieve negative targets that start at 0.8840. Reminder that the price completed forming a double top pattern with negative targets surpassing the mentioned target to reach 0.8778. Therefore, we will continue to suggest the bearish trend for the upcoming period, taking into consideration that breaching 0.9014 will stop the expected decline and lead the price to attempt to regain the main bullish trend again. Expected Trading Range Between 0.8880 support and 0.9014 resistance.

Trend Forecast: Bearish

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