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The USD/CHF currency pair is currently fluctuating around the 0.8885 level. Stochastic indicators are showing signs of overcoming their negative momentum, which could provide the necessary push for the price to resume its bullish trajectory. If this momentum continues, the price may target the 0.8930 and 0.9014 levels, which are our next positive objectives.
Given this scenario, we maintain a bullish outlook for the near term. However, if the price falls below the 0.8885 level, it would signal a shift away from the bullish trend and subject the price to corrective bearish pressure.
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Today’s trading range is expected to be between a support level of 0.8830 and a resistance level of 0.8960.
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Trend Forecast: Bullish
