The USDCHF pair bounced downwards clearly yesterday after the price found strong resistance at 0.9944, to retest the key support base 0.9848, as the price kept the stability of the daily close above it, accompanied by stochastic entering to the oversold areas, which supports the chances of bouncing bullishly to resume the bullish trend again.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 0.9848 level and holding below it, and the price needs to breach 0.9944 level to confirm extending the bullish wave towards 1.0062.
Expected trading range for today is between 0.9790 support and 0.9944 resistance.
Expected trend for today: Bullish
Origin: Economies
