The USDCHF pair faced intraday negative pressure yesterday to break 0.8975 level and settles below it, noticing that stochastic shows clear positive signals now, waiting to motivate the price to resume the positive trades and heads towards 0.9025 that represents our next positive target.
Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 0.8923, as breaking this level will put the price under more negative pressure and return to the main bearish track again.
The expected trading range for today is between 0.8923 support and 0.9030 resistance.
The expected trend for today: Bullish
Origin: Economies
