The USDCHF pair resumed its positive trading to move away from the bullish channel’s support line, reinforcing the expectations of continuing the bullish trend, and the way is open to head towards our next waited target at 0.9860.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period supported by the EMA50, noting that the continuation of the bullish wave depends on the price stability above 0.9730.
The expected trading range for today is between 0.9750 support and 0.9880 resistance.
The expected trend for today: Bullish
Origin: Economies
