The USDCHF price has bounced upwards, reaching the 0.9014 level and is now awaiting a breach of this resistance to confirm further upward momentum. A successful break above this level could pave the way for additional gains, with the next target at 0.9100.
We maintain a bullish outlook for the near term, supported by the 50-period Exponential Moving Average (EMA50). However, the continuation of the upward trend relies on the price staying above the key support level at 0.8884.
Expected Trading Range: Support at 0.8930, Resistance at 0.9060.
Trend Forecast: Bullish
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