The USDCHF has been trading within a well-defined range on the daily chart, with price oscillating between key support and resistance levels. The recent breakout above the upper end of this range, coupled with a surge in volume, suggests a bullish trend is underway. The momentum indicator is also aligned with this view, as the price has started to move away from the lower end of the range, indicating a shift in market dynamics. The Instrument: USD/CHF is poised to continue its upward momentum, with the potential to reach new highs in the coming days. The current setup supports a…

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