The USDCHF pair shows some bearish bias to test 0.9700 barrier now, noticing that stochastic reaches the oversold areas to offer positive motive that supports the expectation of continuing the bullish trend in the upcoming period, while the EMA50 keeps supporting the price from below.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis, and the targets begin at 0.9800 and extend to 0.9900 after breaching the previous level, noting that breaking 0.9676 level will stop the positive overview and put the price under the negative pressure again.
Expected trading range for today is between 0.9650 support and 0.9800 resistance.
Expected trend for today: Bullish
Origin: Economies
