The USDCHF pair showed positive trading yesterday to reach our first waited target at 1.0000 without managing to hold for long time there, to rebound bearishly and settle around 0.9940 level again, as the price is affected by stochastic negativity, waiting to get enough positive momentum to push trading to rise again.
Until now, we will continue to suggest the bullish trend in the upcoming period as long as 0.9864 remains intact, noting that breaching 1.0000 will extend the pair’s gains to reach the previously recorded top at 1.0326.
Expected trading range for today is between 0.9864 support and 1.0050 resistance.
Expected trend for today: Bullish
Origin: Economies
