The recent trading activity of the USDCHF pair has been observed to be confined within a minor bearish channel, potentially forming a bullish flag pattern. Analysts believe that breaching the level of 0.9055 will trigger the positive implications of this pattern, propelling the price to resume its main bullish trend, with a next target anticipated at 0.9200.
Consequently, experts continue to advocate for a bullish trend in the forthcoming period, structured within the main bullish channel. It is emphasized that maintaining a position above the pivotal level of 0.8975 is imperative for the continuation of the bullish momentum.
Anticipated Trading Range
- Support: 0.8990
- Resistance: 0.9130
Trend Forecast: Bullish