The USDCHF pair tested the EMA50 that forms support base at 0.9700, while the price still stuck between the trend confirmation levels represented by 0.9676 support and 0.9800 resistance, waiting to breach one of these levels to detect the next targets clearly.
Therefore, our neutrality will remain valid until we get clearer confirmation signal for the next trend, reminding you that breaking the above mentioned support will push trading to visit the previously recorded low at 0.9474 initially, while breaching 0.9800 will lead the price to attempt to regain the main bullish trend, and the positive targets begin at 0.9900.
Expected trading range for today is between 0.9650 support and 0.9820 resistance.
Expected trend for today: Depends on the above mentioned levels
Origin: Economies
