The USDCHF pair rallied upwards strongly yesterday after consolidating above 0.9578 level, to breach 0.9700 level and settles above it, confirming the turn to rise on the intraday basis, targeting 0.9812 followed by 0.9864 levels in the upcoming period.
Therefore, the bullish trend will be suggested for today, noting that stochastic current negativity might force the price to provide some temporary sideways trading before resuming the expected bullish trend, while holding above 0.9700 represents key condition to continue the suggested rise.
Expected trading range for today is between 0.9670 support and 0.9812 resistance.
Expected trend for today: Bullish
Origin: Economies
