The USDCHF pair shows new positive trades and attempts to breach 0.8980 level, which urges caution from the upcoming trading, as confirming the breach will push the price to achieve the bullish correction again, to head towards 0.9055 initially.
Now, we prefer to stay aside until the price confirms breaching the above mentioned resistance or breaking 0.8965 support line, noting that breaking this support will push the price to resume the main bearish trend and head towards 0.8900 followed by 0.8820 levels as next main targets.
The expected trading range for today is between 0.8900 support and 0.9060 resistance.
The expected trend for today: Neutral
Origin: Economies
