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HomeCurrenciesUSDCHF Exhibits Recovery Momentum

USDCHF Exhibits Recovery Momentum

The USDCHF pair demonstrated positive trading dynamics by surpassing the 0.9020 level and establishing itself above this threshold. This development signals the pursuit of anticipated intraday gains, commencing with the evaluation of the 0.9066 level. Notably, breaching this level will affirm the cessation of the recent bearish correction, ushering in additional upward movements targeting 0.9125, followed by the 0.9225 areas.

Consequently, a bullish bias is anticipated for the day unless a breach of 0.8968 occurs, coupled with sustained trade below this level.

The envisaged trading range for today is expected to fluctuate between the support at 0.8970 and the resistance at 0.9100, aligning with the overall bullish trend anticipated for the session.