The USDCHF pair rallied strongly to the upside yesterday to breach 0.9676 level and close the daily candlestick above it, which turns the intraday track to rise, targeting testing 0.9800 level mainly, noticing that stochastic shows clear overbought signals, which might cause negative pressure against the price, in attempt to return to the main bearish trend again.
In general, the bullish bias will be suggested in the upcoming sessions unless breaking 0.9676 level and holding below it, noting that the EMA50 turns to offer positive support to the price.
Expected trading range for today is between 0.9650 support and 0.9800 resistance.
Expected trend for today: Bullish
Origin: Economies
