The USD/CHF pair managed to achieve our first positive target at 0.8770 and is attempting a reliable breach right now, bolstering the case for more correctional gains in upcoming sessions on track for 0.8825 then 0.8890 as main next targets.
The positive impact of the Double Bottom pattern still remains and paves the way for more gains, however we note that piercing 0.8720 will stymie the positive scenario and pressure the pair downwards.
Expected trading range for today is between the 0.8720 support and the 0.8860 resistance.
Expected trend for today: Bullish
Origin: Economies
