The USDCHF pair has recently made an attempt to breach the 0.8775 level; however, it has shown resilience against the downward pressure, reinforcing the prevailing bullish trend scenario that remains in play. This persistence towards a bullish trajectory is underpinned by the objective of reaching the 0.8825 level, identified as the upcoming target.
It is pertinent to emphasize that a breakthrough of the aforementioned targeted level could potentially extend the bullish momentum, directing the pair towards the 0.8890 regions. This anticipated upward movement maintains its validity, contingent upon the preservation of the 0.8775 level as a critical support.
In terms of today’s projected price range, it is expected to fluctuate within the parameters of 0.8730 support and 0.8860 resistance.
Projected Trend for the Day: Bullish