The USD/CHF pair encountered solid resistance at a previously broken bullish trend line, leading to a temporary bearish bias. However, stochastic indicators indicate a gathering positive momentum, suggesting a potential resumption of positive trades. The primary target for the pair is set at 0.8800.
The bullish trend scenario will remain active unless the pair breaks below 0.8605 and holds a daily close below this level.
The anticipated trading range for the day is expected to be between the support at 0.8630 and resistance at 0.8770.
Expected Trend for Today: Bullish