The USDCHF pair traded with clear negativity in the previous sessions to test the bullish channel’s support line that appears on the chart, accompanied by stochastic reach to the oversold areas, waiting to motivate the price to rebound bullishly to resume the main bullish trend, which its first target located at 1.0055.
Note that breaking 0.9895 followed by 0.9950 levels will stop the expected rise and push the price to start bearish correction on the intraday basis.
Expected trading range for today is between 0.9850 support and 1.0000 resistance.
Expected trend for today: Overall Bullish
Origin: Economies
