The USDCHF pair succeeded to touch our main waited target at 0.9474 and attempted to break it, but it bounced sharply to the upside in attempt to recover on the intraday and short term basis, targeting retesting 0.9676 level in the upcoming period.
Therefore, we expect the domination of the positive trading in the upcoming sessions unless breaking 0.9474 level and holding below it, noting that breaching 0.9676 level will extend the pair’s gains to reach to 0.9800 as a next main station.
Expected trading range for today is between 0.9474 support and 0.9676 resistance.
Expected trend for today: Bullish
Origin: Economies
