The USDCHF price found a strong support at 0.9900 level, which forced it to bounce higher and surpass the bearish correctional channel’s resistance,but the bearish correctional trend remains valid if the price settled below 0.9990, and the price needs to break the mentioned support to confirm targeting 0.9835 level as a next correctional target.
Being aware that breaching 0.999 will stop the expected decline and leads the price to regain the main bullish trend.
Expected trading range for today is between 0.9870 support and 1.0000 resistance.
Expected trend for today: Bearish
Origin: Economies
