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Bitcoin (BTC/USD) Price Forecast – December 16, 2024

Bitcoin (BTC/USD) has opened today with a strong upward move, surpassing our initial target at $104,060 and reaching the second target at $106,000. We...
HomeCurrenciesUSD/CHF Pair Remains Stable with Bullish Bias

USD/CHF Pair Remains Stable with Bullish Bias

The USD/CHF currency pair is maintaining its stability, trading above the 0.8968 level, and it is receiving positive support from the EMA50 (Exponential Moving Average 50). The stochastic indicator is also showing signs of shedding its negative momentum.

Given these factors, the outlook suggests a continuation of the bullish trend in the coming period, with a primary target at approximately 0.9066. It is crucial to emphasize the significance of holding above the 0.8968 level to attain the anticipated targets.

The expected trading range for today is expected to be between the support at 0.8920 and the resistance at 0.9060.

Today’s expected trend: Bullish