The USDCHF pair opened today’s trading with bearish gap that puts the price under the key support 0.9990, but it begins to cover this gap and attempts to return to the bullish channel again, to keep the chances valid to continue the expected main bullish trend for the upcoming period, which targets 1.0100 followed by 1.0170 levels mainly.
Breaching 1.0000 barrier will reinforce the positive overview, while consolidating below 0.9990 will put the price under new correctional bearish pressure on the intraday basis.
The expected trading range for today is between 0.9940 support and 1.0080 resistance.
The expected trend for today: Bullish
Origin: Economies
