The USDCHF pair kept the stability of the daily close above 0.9990, starting today negatively to test this support, noticing that the EMA50 provides the positive support to the price, while stochastic reaches the oversold areas now.
Therefore, these factors encourage us to keep our bullish trend expectations for the upcoming period, which target 1.0128 level mainly, noting that breaking 0.9990 – 0.9980 levels will press on the price to test 0.9900 areas again before any new attempt to rise.
The expected trading range for today is between 0.9960 support and 1.0060 resistance.
The expected trend for today: Bullish
Origin: Economies
