The USDCHF pair continues the calm rise to fluctuate around 0.9800 level now, accompanied by stochastic reach to the overbought areas, which might push the price to show negative trading in the upcoming sessions, to keep the price confined inside the sideways range that its lines represented by 0.9578 support and 0.9864 resistance
In general, we still suggest the continuation of the sideways move between the mentioned levels until the price manages to breaching one of them to detect the next destination on the short term basis, reminding you that breaching 0.9864 level will open the way to head towards the previously recorded top at 1.0326 as a next main station, while breaking 0.9578 will push the price to extend the correctional bearish wave towards 0.9347 before any new attempt to regain the main bullish trend.
Expected trading range for today is between 0.9730 support and 0.9870 resistance.
Expected trend for today: Sideways
Origin: Economies
