The USDCHF forex pair has successfully solidified its position above the 0.8775 level, ushering in a bullish resurgence that propels it toward the resumption of its correctional bullish trajectory. The pair is drawing closer to the 0.8825 level, effectively endorsing expectations for a bullish bias to persist in the subsequent trading sessions. Notably, a breach of this pivotal level will serve as a catalyst for additional gains, culminating in an attainable target of 0.8890.
Consequently, market participants are poised for further anticipated ascension on an intraday basis. It’s important to underscore that any violation of the 0.8775 threshold will impede the positive scenario, prompting a reversal towards a bearish stance.
The projected trading range for today spans between 0.8750 as the support and 0.8880 as the resistance, providing a delineated spectrum for potential price movements.
Expected trend for today: Bullish