The USDCHF pair rallied upwards strongly yesterday to succeed achieving our waited target at 0.8825, noticing that the price found solid resistance there to rebound bearishly and test the support base formed above 0.8775 after breaching it previously, accompanied by stochastic reach to the oversold areas, waiting to motivate the price to resume the positive trades and achieve additional gains that reach 0.8890.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 0.8775 will push the price to test the key support areas between 0.8720 – 0.8700 before any new attempt to rise.
The expected trading range for today is between 0.8700 support and 0.8855 resistance.
The expected trend for today: Bullish
Origin: Economies
