The USDCHF pair managed to achieve our first waited target at 0.9588, and it keeps rising to touch the bullish channel’s resistance that appears on the chart, noticing that the price shows some bearish bias as a normal trading according to the trading rules inside the channels, noting that breaking 0.9568 will press on the price to achieve more decline and test the mentioned channel’s support line around 0.9495 before attempting to rise again.
In general, we suggest the continuation of the overall bullish trend domination in the upcoming sessions, reminding you that our next target is located at 0.9700, while breaking 0.9495 represents negative factor that will press on the price to turn to decline and start bearish correction on the intraday basis.
The expected trading range for today is between 0.9495 support and 0.9680 resistance.
The expected trend for today: Bullish
Origin: Economies
