The USDCHF currency pair has successfully reached and exceeded our initial target at 0.8995. Today, it has continued its upward movement, striving to maintain its position above this level. This strengthens expectations for the continuation of the prevailing bullish trend, with the potential for additional gains targeting 0.9050, followed by 0.9100.
As a result, we anticipate further upside momentum in the upcoming trading sessions. However, it’s important to remain cautious, as a breach of the 0.8995 level, followed by 0.8950, could signal a reversal and shift the outlook towards a decline.
For today’s trading, the expected trading range is between 0.8950 as support and 0.9080 as resistance, with the overall trend remaining bullish.