The USDCHF pair bounced downwards clearly yesterday after approaching 0.9541, to reach the key support 0.9456 now, accompanied by stochastic entering the oversold areas, waiting to motivate the price to return to rise again and head towards testing 0.9541 initially.
Therefore, we will keep our bullish overview conditioned by the price stability above 0.9456, as breaking this level will put the price under additional negative pressure that targets visiting 0.9351 areas on the near term basis.
The expected trading range for today is between 0.9430 support and 0.9540 resistance.
The expected trend for today: Bullish
Origin: Economies
