The USDCHF pair keeps its stability above 0.9900 level, while stochastic heads upwards on the four hours’ time frame, to offer positive motive that we are waiting to assist to push the price to resume the short term bullish trend, waiting to breach 1.0000 level to ease the mission of heading towards 1.0130 level as a next main station.
Therefore, the bullish bias will remain suggested for the upcoming period unless breaking 0.9800 level, as breaking this level will put the price under negative pressure that its targets begin at 0.9676 and might extend to reach the previously recorded low at 0.9474.
Expected trading range for today is between 0.9850 support and 1.0100 resistance.
Expected trend for today: Bullish
Origin: Economies.com
