The USDCHF pair continues to rise to surpass our extended target at 0.9145 and opens the way to achieve more gains on the intraday and short-term basis, waiting to test 0.9220 level as a next station, which breaching it represents the key to head towards 0.9300 as a next main target.
Therefore, the bullish trend scenario will remain active for the upcoming period, supported by the EMA50 that keeps carrying the price from below, noting that breaking 0.9120 will stop the expected rise and push the price to achieve some intraday bearish correction.
The expected trading range for today is between 0.9100 support and 0.9240 resistance.
The expected trend for today: Bullish
Origin: Economies
