The USDCHF pair settles above 0.9848 level after breaching it previously, while the EMA50 continues to support the price from below, which supports the continuation of the bullish trend scenario on the intraday and short term basis, waiting to test 0.9944 level initially, reminding you that breaching this level will extend the pair’s gains to reach 1.0062 on the near term basis.
The continuation of the expected bullish trend depends on the stability above 0.9848 – 0.9820 levels.
Expected trading range for today is between 0.9800 support and 0.9970 resistance.
Expected trend for today: Bullish
Origin: Economies
