The USDCHF pair shows some bearish bias after approaching from 0.9848 level yesterday, noticing that stochastic gets rid of its negativity and gets clear positive momentum on the four hours’ time frame, which forms positive motive that we are waiting to push trading to resume the bullish trend again, noting that breaching 0.9848 level will open the way to target 0.9944 level as a next main station.
In general, we will keep our bullish overview for the upcoming period unless breaking 0.9752 level and holding with a daily close below it.
Expected trading range for today is between 0.9752 support and 0.9944 resistance.
Expected trend for today: Bullish
Origin: Economies
