In today’s trading session, the USD/CHF pair has shown positive momentum from the opening, with a closer analysis of the chart revealing the formation of a double bottom pattern. This pattern, visible on the minor timeframe, indicates a potential for intraday gains. The anticipated targets for the pair commence at 0.8545 and extend further to 0.8700 upon surpassing the previous level.
The prevailing bullish sentiment is suggested for the day; however, it is crucial to be attentive to the support and resistance levels. Breaking below 0.8370 could impede the expected upward movement, leading the price to revert to the primary bearish trajectory.
The projected trading range for the current session is anticipated to be between the support level at 0.8380 and the resistance level at 0.8520.
Today’s expected trend: Bullish