The USDCHF pair hovers around the bearish channel’s resistance line and finds difficulty to confirm breaching it, noticing that stochastic enters the oversold areas now, waiting to motivate the price to resume the expected bullish trend on the intraday and short-term basis, which its next target located at 0.9000.
Therefore, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50, reminding you that it is important to hold above 0.8850 to continue the expected rise.
The expected trading range for today is between 0.8790 support and 0.8930 resistance.
The expected trend for today: Bullish
Origin: Economies
