Latest Articles

Which Currency is Higher Than the Dollar?

When it comes to global finance and foreign exchange markets, the US dollar (USD) is often seen as the benchmark currency. As the world’s...
HomeLatestUSD/CHF Faces Renewed Negative Pressures – Forecast for September 30, 2024

USD/CHF Faces Renewed Negative Pressures – Forecast for September 30, 2024

The USD/CHF currency pair is exhibiting a bearish trend as it approaches its first negative target at 0.8400. A break below this level would confirm a further decline toward the next target at 0.8332.

The price’s movement below the 50-period exponential moving average (EMA) supports the continuation of this bearish wave. However, should the price breach the 0.8465 level, it could lead to intraday gains, with a potential test of 0.8543 before any new attempts to decline.

The expected trading range for today is between 0.8350 as support and 0.8470 as resistance.

Trend Forecast: Bearish

Related topics: