In my brief forecast for today, for the trading instrument USDCHF, I expect further growth of the currency pair towards the next resistance level. Although most indicators on the hourly time frame point to an increase in the currency pair, the overall trend on the 1-hour chart remains bullish. On the 1-hour chart, we see the currency pair USDCHF near the resistance level of 0.78939. Today, I expect a breakout of this resistance level at 0.78939 and further growth of the currency pair towards the next resistance level at 0.79251. If the currency pair USDCHF manages to break above this resistance level at 0.79251 and hold above it, then I will expect further growth of the currency pair towards the next resistance level. However, if the currency pair USDCHF fails to break above this resistance level at 0.79251 and hold above it, then I will expect a pullback of the currency pair towards the support level at 0.78636.
