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News / Technical Analysis / USDCHF H4 Bullish Momentum / Bullish Rise

USDCHF H4 Bullish Momentum / Bullish Rise

Published: 08.07.2024 by Noirbull
The USDCHF pair is positioned at the pivot level of 0.8953, identified as a pullback support zone. A rebound from this key level is anticipated to drive the price upwards, targeting the first resistance at 0.8985, which serves as a pullback resistance.

Should the price decline below the pivot point, it may continue its descent towards the initial support at 0.8919, marked as an overlap support area.
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