The USDCHF pair rallied upwards clearly yesterday after leaning on the support base formed above 1.0100, to approach from 1.0200 barrier now, reinforcing the continuation of the bullish trend scenario in the upcoming period, ignoring the overbought signals that appear on stochastic.
Therefore, the bullish trend will remain suggested on the intraday and short term basis supported by the EMA50, and the next main target is located at 1.0326, noting that holding above 1.0065 represents the first condition to continue the suggested rise.
Expected trading range for today is between 1.0100 support and 1.0260 resistance.
Expected trend for today: Bullish
Origin: Economies
