The USDCHF pair shows more fluctuation around 0.9940 level, while stochastic begins the attempts of getting rid of its negativity and gaining the positive momentum on the daily time frame, to assist to push the price to resume the main bullish trend, which depends on the stability above 0.9864.
Therefore, the overall bullish trend will remain valid and active for the upcoming period supported by the EMA50, reminding you that our main targets begin by breaching 1.0000 level to open the way to head towards 1.0326.
Expected trading range for today is between 0.9864 support and 1.0050 resistance.
Expected trend for today: Bullish
Origin: Economies