The USDCHF pair extended its positive momentum on the previous day, reaching 0.8750. This reinforces expectations for the continuation of the bullish trend in the upcoming sessions, with the next target at 0.8800.
The EMA50 (Exponential Moving Average with a period of 50) continues to provide support for the suggested bullish wave. Some temporary sideways fluctuations may occur until the stochastic indicator gathers positive momentum to facilitate the continuation of the upward movement. It is important for the bullish trend to be maintained that the pair remains above the level of 0.8670.
The anticipated trading range for today is expected to be between the support at 0.8650 and the resistance at 0.8810.
Overall, the expected trend for today is bullish, reflecting the ongoing positive momentum in the USDCHF pair.