The USDCHF currency pair demonstrated robust upward momentum in the previous session, successfully reaching the newly anticipated target at 0.9050. This bullish trend is expected to persist, with further gains projected, initially targeting 0.9100 and subsequently 0.9145.
The bullish scenario remains valid and in effect for the near future, bolstered by the support of the EMA50. However, it’s essential for the pair to maintain levels above 0.8995 to 0.8970 for this bullish trend to continue.
Today’s expected trading range is between 0.8970 as support and 0.9130 as resistance, with a prevailing bullish trend anticipated.