The USDCHF pair settles at the bullish channel’s support line that appears on the chart, and the EMA50 meets this support to protect the continuation of trading inside the mentioned channel, while stochastic shows clear oversold signals now.
Therefore, we believe that the chances are valid to resume the expected bullish trend on the intraday and short term basis, which its next target located at 1.0128, while its continuation conditions holding above 1.0030 and the most important above 0.9990.
The expected trading range for today is between 0.9990 support and 1.0128 resistance.
The expected trend for today: Bullish
Origin: Economies
