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The USD/CHF pair is exhibiting positive movement, surpassing the EMA50 and bolstering the expectations of a continued bullish trend on an intraday basis. The primary target remains at 0.9014.
However, the current negativity in the Stochastic indicator could impede this upward momentum, potentially causing sideways trading before the bullish trend resumes. It is crucial for the bullish wave to hold above 0.8885 to sustain its progression.
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For today, the anticipated trading range is between the support level of 0.8860 and the resistance level of 0.8990.
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Trend Forecast: Bullish
