The USDCHF price rallied upwards to breach 0.9900 level and settles above it, to move within sideways track since the beginning of this month, making the sideways range dominant on the intraday trading until the price manages to surpass one of its lines, represented by 0.9835 support and 0.9990 resistance.
Note that breaching the mentioned resistance will push the price to resume the main bullish trend that its next target located at 1.0128, while breaking the support will press the price for more bearish correction that targets 0.9766 level as a next station.
Expected trading range for today is between 0.9835 support and 0.9990 resistance.
Expected trend for today: Sideways
Origin: Economies
