The USDCHF pair shows clear positive trading by today’s opening, to approach from the sideways range resistance at 1.0190, and as long as the price is between this resistance and 1.0075, the sideways range will remain dominant on the intraday trading, and the price needs to breach one of these levels to detect its next destination clearly.
We remind you that breaching 1.0190 level will lead the price to resume the main bullish trend that its next main target located at 1.0326, while breaking 1.0075 represents negative factor that will push the price to extend its bearish correction and head towards 1.0005 followed by 0.9894 as next main stations.
Expected trading range for today is between 1.0075 support and 1.0250 resistance.
Expected trend for today: Sideways
Origin: Economies
