The USDCHF pair continued its negative trading to attempt to break the critical support at 1.0043, but it managed to bounce higher to keep its stability above this level, which keeps the trading organized within the bullish channel that appears in the image, waiting for resuming the bullish trend that its next main target located at 1.0157.
Therefore, we will keep our bullish trend expectations valid and active on the intraday and short term basis, being aware that breaking 1.0043 level will stop the current bullish correctional track and pushes the price to decline again.
Expected trading range for today is between 1.0000 support and 1.0157 resistance.
Expected trend for today: Bullish
Origin: Economies
