Market Analysis for USDCHF Pair:
After experiencing a decline in previous sessions, the USDCHF pair has resumed its upward trajectory, currently stabilizing around $0.9050. The pair shows signs of further upward movement, with potential targets beginning at $0.9105 and extending to $0.9150.
The bullish momentum is supported by the presence of a bullish channel, which continues to guide the upward movement, with reinforcement from the EMA50. However, breaching the $0.9000 level poses a risk to trading within the established channel, potentially initiating a bearish correction on an intraday basis.
Trading Range Forecast:
Traders can anticipate a trading range for today between the support level at $0.9000 and the resistance level at $0.9130.
Trend Forecast: Bullish