5
The USDCHF price is currently testing the critical resistance level at 0.8778, with the potential to breach this level and confirm the continuation of the bullish wave on both intraday and short-term timeframes. The next primary target for the pair is 0.9014.
The upward movement above the EMA50 supports the suggested bullish trend, which remains valid as long as the price stays above 0.8840.
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The expected trading range for today is between 0.8830 support and 0.8950 resistance.
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Trend Forecast: Bullish
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