The USD/CHF exchange rate has approached the crucial support level of 0.8543, demonstrating a return to calm positive trading. This development reinforces the validity of the bullish trend scenario in the near term, with traders anticipating a breakout above 0.8600 to target the next significant level at 0.8673.
The EMA50 indicator is providing support for the anticipated bullish momentum, which remains intact as long as the price holds above the 0.8543 mark. A decline below this level would negate the bullish outlook.
The expected trading range for today is between 0.8520 (support) and 0.8650 (resistance).
Trend Forecast: Bullish
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