The USD/CHF pair is currently navigating a sideways trajectory and is in need of a boost in positive momentum to maintain its upward movement. This potential momentum could drive the price towards our primary target at 0.8995. It’s worth noting that breaching this level would set the stage for a subsequent target at 0.9050.
Overall, the bullish trend remains the favored scenario for the foreseeable future, provided that the price remains above the support level at 0.8890.
The expected trading range for today is anticipated to be between 0.8910 as support and 0.9050 as resistance.
Expected trend for today: Bullish