21
The USD/CHF currency pair has successfully breached the resistance level at 0.8673, closing the last four-hour candlestick above this mark. This development reinforces expectations for a continued bullish trend in the upcoming sessions, paving the way for potential targets starting at 0.8730 and extending to 0.8778.
Support for this bullish momentum is provided by the 50-period exponential moving average (EMA50). The bullish outlook remains valid as long as the price holds above the key levels of 0.8673 and 0.8645.
Advertisements
The expected trading range for today is between a support level of 0.8630 and a resistance level of 0.8770.
Advertisements
Trend Forecast: Bullish
You Might Be Interested In:
