The USDCHF pair has recommenced its upward trajectory, inching closer to the initially awaited target at 0.8740. Further upward movement is anticipated to achieve additional gains, with the next positive target set at 0.8815.
The continued support from the Exponential Moving Average (EMA50) reinforces the ongoing bullish wave, maintaining its validity as long as the pair remains above 0.8635.
The anticipated trading range for today is expected to fluctuate between the support level at 0.8640 and the resistance level at 0.8770, indicating an overall bullish trend in the market.