The USDCHF pair kept its stability above 0.9900 level yesterday, as the EMA50 formed good support barrier that stopped the price negative attempts, to bounce bullishly and resume its bullish track on the intraday and short term basis, waiting to test 1.0000 level initially.
Stochastic heads upwards to support the bullish overview, which its targets extend to reach 1.0127 after breaching the previous level, reminding you that holding above 0.9800 level represents key condition to continue the suggested positive scenario.
Expected trading range for today is between 0.9860 support and 1.0050 resistance.
Expected trend for today: Bullish
Origin: Economies
