The USDCHF pair tested the sideways range’s resistance at 0.9990 and keeps its stability below it until now, which keeps the sideways move scenario valid until now, and it might head towards this range’s support line at 0.9900 in the upcoming sessions.
We remind you that breaching the above mentioned resistance will push the price to regain the main bullish trend that its next targets located at 1.0070 followed by 1.0128, while breaking the support will put the price under negative pressure that targets 0.9835 level direct.
Expected trading range for today is between 0.9900 support and 1.0060 resistance.
Expected trend for today: Sideways
Origin: Economies
