The USDCHF pair faced negative pressure to move around the EMA50, noticing that stochastic provides positive signals that we are waiting to motivate the price to resume the expected bullish trend on the intraday basis, which targets 0.8815 areas as a next main station.
Until now, the bullish trend scenario still valid for the upcoming period as long as 0.8630 level remains intact, as breaking it represents negative factor that will force the price to turn to decline and attempt to return to the main bearish track again.
The expected trading range for today is between 0.8580 support and 0.8710 resistance.
The expected trend for today: Bullish
Origin: Economies
