The USDCHF pair has exhibited limited movement within a narrow range since the previous session, remaining ensnared between key support at 0.8605 and resistance at 0.8670. This consolidation underscores the prevailing neutrality in the market, awaiting a decisive breach of either level to ascertain the next directional move.
Until such confirmation materializes, our stance remains neutral, with emphasis placed on monitoring for a breakout to provide clarity on the pair’s trajectory.
For a comprehensive analysis of potential targets following a breach, we advise referencing our recent report on the USDCHF pair.
The projected trading range for the current session extends from support at 0.8560 to resistance at 0.8700.
Overall, the anticipated trend for today is deemed neutral, contingent upon the awaited confirmation signal.