The USDCHF pair rallied upwards strongly after leaning on 0.9265 level, as it found solid support there, to approach the key resistance 0.9345 now, which urges caution from the upcoming trading, as breaching this level will lead the price to continue the rise and achieve additional gaisn that reach 0.9400 followed by 0.9470.
Therefore, we prefer to stay aside temporarily until the price confirms its situation according to 0.9345, noting that consolidating against the current bullish rally will press on the price to rebound bearishly and head to test 0.9265 again.
The expected trading range for today is between 0.9280 support and 0.9380 resistance.
The expected trend for today: Neutral
Origin: Economies
