The USD/CHF pair remains on a path of sustained positive momentum, reaching the anticipated target at 0.9145. Our analysis suggests that there is room for further gains, potentially extending to 0.9220.
The presence of the EMA50 provides continued support for this bullish wave, and its validity hinges on the price’s ability to maintain stability above the 0.9070 level. Any breach of this level would signal the potential start of a bearish correction on an intraday basis before another attempt at an upward move.
Today’s expected trading range falls between 0.9070 as support and 0.9210 as resistance. Traders should remain vigilant and monitor price movements closely, as they may provide valuable insights into future market direction.
The USD/CHF pair continues to demonstrate positive momentum, and the key to its continued ascent lies in maintaining a foothold above the crucial 0.9070 support level.