The USDCHF price traded with strong negativity yesterday to test the key support 0.9900, which represents one of the sideways range’s lines that dominates the recent trades besides 0.9990 resistance, and as we mentioned in our last report, the price needs to breach one of these levels to detect its next targets clearly, which keeps the sideways move scenario valid until now.
We remind you that breaking the mentioned support will push the price to head towards 0.9766 direct, while breaching the resistance will push the price to achieve gains that start at 1.0128 mainly.
Expected trading range for today is between 0.9770 support and 0.9900 resistance.
Expected trend for today: Sideways
Origin: Economies
