Location, Date (GLOBE NEWSWIRE) – The USD/CHF currency pair has successfully reached the anticipated target at 0.9220 and is currently trading around this level. Analysts expect the bullish momentum to persist, driven by the presence of a bullish channel on the price chart. This outlook suggests the potential for further upward movement, with additional targets in the vicinity of 0.9300.
Given this analysis, a continuation of the bullish trend is anticipated in both the intraday and short-term perspectives. Breaking through the aforementioned target could extend the bullish wave, with the next potential target located at 0.9380. It is essential to note that maintaining a position above the support level at 0.9155 is a critical condition for achieving the projected targets.
Key Takeaways:
USD/CHF has achieved the awaited target at 0.9220.
Bullish momentum is expected to continue within the established bullish channel.
Additional positive targets, including 0.9300 and 0.9380, are within reach.
Maintaining a position above the key support level at 0.9155 is crucial for achieving the forecasted targets.