The USDCHF pair fluctuates within sideways track since yesterday affected by the weak trading volumes, to confine the recent trades inside bullish pennant pattern shown on the minor image, which means that breaching 1.0180 level will activate the positive effect of this pattern followed by leading the price to resume the main bullish trend, motivating the price to head towards our main waited target at 1.0326.
Therefore, our bullish overview will remain valid and active in the upcoming period conditioned by the price stability above 1.0090 level, as breaking this level represents negative factor that might force the price to test areas 0.9940 and might extend to 0.9864 before any new attempt to rise.
Expected trading range for today is between 1.0090 support and 1.0260 resistance.
Expected trend for today: Bullish
Origin: Economies
