The USDCHF price traded with strong positivity on last Friday to breach 0.9900 and settles above it, which hints the price head to recover in the upcoming period, targeting testing 0.9990 level initially.
Therefore, the bullish bias will be suggested on the intraday basis unless breaking 0.9900 and holding below it again, as breaking this level will push the price to achieve negative targets that start at 0.9835 and extend to 0.9766, while breaching 0.9990 will lead the price to continue achieving gains that reach 1.0128 as a next station.
Expected trading range for today is between 0.9850 support and 1.0000 resistance.
Expected trend for today: Bullish
Origin: Economies
