The USDCHF pair returns to rise and attempts to return to the bullish channel that appears on the chart, as the EMA50 managed to protect the price from suffering more losses, while stochastic provides positive signals on the four hours’ time frame.
Therefore, these factors encourage us to continue suggesting the bullish trend for today, which targets 1.0128 level as a next station, while holding above 0.9990 represents key condition to continue the suggested rise.
The expected trading range for today is between 1.0000 support and 1.0128 resistance.
The expected trend for today: Bullish
Origin: Economies
