The USDCHF pair traded with clear positivity yesterday to breach 0.9626 level and settles above the bearish channel’s resistance that appears on the chart, opening today with additional rise to head towards visiting 0.9730 as a first station, which makes us suggest the continuation of the bullish bias in the upcoming sessions, especially after surpassing the EMA50.
Note that breaching the targeted level will lead the price to resume the main bullish trend that its next target located at 0.9900, while the expected rise will remain valid unless breaking 0.9626 level and holding below it.
The expected trading range for today is between 0.9600 support and 0.9770 resistance.
The expected trend for today: Bullish
Origin: Economies
