USDCHF Price: Bulls Defends $0.89 Level, Targeting Previous High

Buyers Oppose Sellers at $0.89

USDCHF Price Analysis – 31 January

The price may increase above $0.92 and get closer to the $0.93 hedge levels if the buying momentum can hold above the $0.91 resistance position. However, if merchandisers exert enough pressure on the price to go from $0.89 to the $0.88 range, they can push the price below $0.90.

Key Levels:

Resistance levels: $0.91, $0.92, $0.93

Support levels: $0.90, $0.89, $0.88

USDCHF Long-term trend: Bullish

The daily USDCHF chart is showing an inclining trend. Since the price originally surfaced at $0.88 three weeks ago, customers have benefited from the robust USDCHF market. Buyers controlled the USDCHF market as of December 10. Two days ago, the value of the currency pair was $0.92. There was a bearish engulfing candle pattern close to the first recommended level. The price then started to decline by about $0.90. The development of the head and shoulder chart pattern was nullified when bulls defends the just mentioned support level. The price is currently targeting $0.91 point.

.89 Level, Targeting Previous High" width="1281" height="573" data-lazy-src="https://learn2.trade/wp-content/uploads/2025/01/Daily-93.png"/> A positive reversal impulse is indicated by the USDCHF exchange rate’s present position above the Hull Suite. The forex signal QQE MOD, which is tilted above the zero line, indicates price inclines. The price may increase above $0.92 and get closer to the $0.93 hedge levels if the buying momentum can hold above the $0.91 resistance position. However, if merchandisers exert enough pressure on the price to go from $0.89 to the $0.88 range, they can push the price below $0.90.

USDCHF Medium-term Trend: Bullish

It is evident that the USDCHF’s medium-term outlook is bullish. A few days prior, a bullish engulfing candle formation close to the $0.89 barrier level had caused the currency pair to soar. The price made a successful attempt to peak at $0.91 on January 13 when a pin bar formed. The price right now is about $0.91.

.89 Level, Targeting Previous High" width="1281" height="573" data-lazy-src="https://learn2.trade/wp-content/uploads/2025/01/4-hours-100.png"/> A bullish 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.