The USDCHF pair touched the bullish channel’s resistance that appears on the chart and begins to rebound bearishly, to head towards achieving temporary bearish correction, waiting to resume the main bullish trend after testing 0.9520.
Therefore, we will continue to suggest the overall bullish trend that gets continuous support by the EMA50, noting that breaking 0.9520 will extend the correctional bearish wave to target 0.9475 before any new attempt to rise.
The expected trading range for today is between 0.9520 support and 0.9610 resistance.
The expected trend for today: Overall bullish
Origin: Economies
