The USDCHF pair shows some slight bearish bias to test the EMA50, accompanied by stochastic reach to the oversold areas, to form positive motive that we expect to push the price to rise again, waiting to breach 1.0055 level to open the way to head towards 1.0170 level on the near term basis.
In general, we will continue to suggest the bullish trend unless breaking 0.9885 followed by 0.9850 levels and holding below them.
Expected trading range for today is between 0.9940 support and 1.0060 resistance.
Expected trend for today: Bullish
Origin: Economies
