The USDCHF pair shows some slight bearish bias affected by the negative momentum that appears clearly on stochastic on the daily time frame, which might push the price to provide temporary sideways trading before resuming the main bullish trend, waiting to get enough positive momentum to push the price to head towards 1.0326 that represents the next main target of the current bullish wave.
In general, the bullish trend will remain valid and active in the upcoming period unless breaking 0.9945 followed by 0.9864 levels and holding below them.
Expected trading range for today is between 1.0000 support and 1.0200 resistance.
Expected trend for today: Bullish
Origin: Economies
