The USDCHF pair breached 0.9752 – 0.9775 levels clearly and settled above them, which forms positive factor that we expect to lead the price to achieve gains that reach to 0.9944, noting that it is important to monitor the price behavior when reaching this level, as breaching it represents the key to extend the pair’s gains to reach to 1.0254 on the near term basis.
In general, the bullish trend will remain in favor for the upcoming sessions unless breaking 0.9752 and holding below it.
Expected trading range for today is between 0.9700 support and 0.9900 resistance.
Expected trend for today: Bullish
Origin: Economies
