The USDCHF pair sideways trades since yesterday, settling around 0.9400, noticing that stochastic gets rid of the negative momentum clearly, waiting to get positive motive that assists to push the price to resume the correctional bullish wave, which its targets begin at 0.9475 and extend to 0.9600 after surpassing the previous level.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period, supported by moving above the EMA50, reminding you that it is important to hold above 0.9316 to achieve the waited targets.
The expected trading range for today is between 0.9350 support and 0.9490 resistance.
The expected trend for today: Bullish
Origin: Economies
