The USDCHF pair begins today’s trading positively to test 1.0157 level, waiting for breaching this level to confirm opening the way towards the extension of the bullish wave towards our next target at 1.0228, to keep the price organized within the bullish channel that appears in the image, which gets continuous support from the EMA50.
Therefore, our bullish trend expectations will remain active in the upcoming period, taking into consideration that breaking 1.0100 then 1.0043 levels will stop the suggested rise and pushes the price to regain the short term bearish trend.
Expected trading range for today is between 1.0100 support and 1.0228 resistance.
Expected trend for today: Bullish
Origin: Economies
