USDCHF Price: Bullish Pullback at $0.89 Level

Bulls are temporary controlling USDCHF market

USDCHF Price Analysis – 28 February

The price may increase above $0.91 and get closer to the $0.92 hedge levels if the buying momentum can hold above the $0.90 resistance position. However, if customers exert enough effort to push the price from the $0.89 to the $0.88 range, merchandisers can lower it below $0.87.

Key Levels:

Resistance levels: $0.90, $0.91, $0.92

Support levels: $0.89, $0.88, $0.87

USDCHF Long-term trend: Bearish

Over the previous week, there has been a downward trend on the USDCHF chart. Since the price originally surfaced at $0.88 three weeks ago, clients have benefited from the robust USDCHF market. Sellers controlled the USDCHF market as of February 25. A few days ago, the value of the two currencies was $0.89. A bullish engulfing candle pattern was seen close to the first recommended level. After that, the price started to incline by about $0.90. The bullish harami candle pattern was seen to develop at the support level that was previously mentioned. The current goal price is $0.91.

A positive reversal impulse is indicated by the USDCHF exchange rate’s present position below the Hull Suite. The forex signal QQE MOD, which is tilted below the zero line, indicates price declines. The price may increase above $0.91 and get closer to the $0.92 hedge levels if the buying momentum can hold above the $0.90 resistance position. However, if customers exert enough effort to push the price from the $0.89 to the $0.88 range, merchandisers can lower it below $0.87.

USDCHF Medium-term Trend: Bullish

The USDCHF has a distinctly positive medium-term outlook. A double top candle pattern close to the $0.90 barrier level had caused the currency pair to decline a few days earlier. When an inside bar candle pattern formed on February 13, the price made a successful effort to bottom at $0.89. The price bounces up towards north. At the moment, the price is around $0.90. The price may rise to $0.91 if bulls manage to breach the previously indicated threshold.

.89 Level" width="1281" height="573" data-lazy-src="https://learn2.trade/wp-content/uploads/2025/02/4-hours-74.png"/> A bull market is indicated when the currency pair trades above the Hull Suite signal. Offering anything for buy is advised if the QQE MOD is more than zero.