The USD/CHF currency pair has not only met but also exceeded our anticipated target at 0.8825. Notably, it has successfully breached this level, settling above it. This development has paved the way for further upward momentum, with the potential for additional gains reaching up to 0.8890.
A key factor supporting this bullish outlook is the pair’s position above the EMA50 (Exponential Moving Average 50), affirming the suggested positive scenario. However, it is essential to keep in mind that a break below 0.8825 may result in a decline, potentially leading the pair towards the 0.8775 areas before any new attempts at an ascent.
For today’s trading perspective, the expected range is situated between the support at 0.8780 and the resistance at 0.8910.
The prevailing trend for today is anticipated to be bullish.