The USDCHF pair continues its upward trajectory, surpassing our extended target at 0.9145. This development paves the way for further gains in the intraday and short-term outlook, with the next target being the 0.9220 level. A breach of this level would be significant, as it opens the path for a move towards 0.9300 as the next main target.
The bullish trend scenario is expected to remain in play for the foreseeable future, supported by the EMA50, which continues to provide underlying support. It’s important to note that a break below 0.9120 would halt the anticipated upward movement and may trigger some intraday bearish correction.
The expected trading range for today is between the support at 0.9100 and resistance at 0.9240.
Overall, the prevailing trend for today is bullish.