The USD/CHF pair extended its upward trajectory in recent sessions, approaching the anticipated target near 0.8700. The positive momentum driven by the inverted head and shoulders’ pattern remains a significant factor propelling the price, with expectations for continued gains. The pair is poised to target 0.8740 initially, followed by a subsequent level at 0.8815 as the next positive objectives.
To maintain the bullish scenario, it is crucial for the price to sustain stability above the 0.8600 level.
The projected trading range for the current session is anticipated between the support level at 0.8610 and the resistance level at 0.8760.
In summary, the prevailing trend outlook leans towards further bullish movements for today.