The USDCHF pair shows slight positive trading to continue approaching from 0.9800 level, as the price gets continuous positive support by the EMA50, waiting to breach the mentioned level to open the way to extend the bullish wave towards 0.9900.
In general, the bullish trend scenario will remain valid conditioned by holding above 0.9676 level, as breaking it represents negative factor that will push the price to resume the bearish trend on the medium term basis, which its targets begin by testing the previously recorded low at 0.9474.
Expected trading range for today is between 0.9700 support and 0.9850 resistance.
Expected trend for today: Bullish
Origin: Economies
