The USDCHF pair attempted to breach 0.9900 level yesterday without managing to hold above it, which keeps the negative effect of today’s mentioned negative pattern valid until now, and the chances are valid to provide some temporary negative trading before resuming the bullish trend.
Therefore, the price might witness bearish bias and a potential test to 0.9800 level followed by bullish rebound to continue the main bullish track, which its targets begin at 1.0000 then 1.0130, taking into consideration that breaking 0.9800 level will stop the positive overview and push the price to turn to decline.
Expected trading range for today is between 0.9800 support and 1.0000 resistance.
Expected trend for today: Overall Bullish
Origin: Economies.com
