The USDCHF pair resumed its positive trading strongly to breach 0.9578 level and settles above it, which stops the recently suggested negative scenario and push the price to achieve more gains in the upcoming period, targeting testing 0.9700 level initially.
Therefore, the bullish bias will be suggested for today, noting that breaching 0.9700 level will push the price towards 0.9812 direct, while the expected rise will remain valid unless breaking 0.9578 level and holding below it again.
Expected trading range for today is between 0.9578 support and 0.9740 resistance.
Expected trend for today: Bullish
Origin: Economies
