4
The USD/CHF price continues its upward movement, approaching the resistance level at 0.8543. Traders should exercise caution as the price needs to remain below this level to sustain the bearish outlook. If the price consolidates under 0.8543, it will likely target subsequent support levels at 0.8430 and 0.8332.
Conversely, a break above 0.8543, with sustained trading above this resistance, could reverse the trend. In this scenario, the price may recover and move towards the 0.8673 level in the near term.
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Today’s anticipated trading range for USD/CHF is between 0.8450 for support and 0.8585 for resistance.
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Trend Forecast: Bearish
