The USDCHF pair shows positive trades and attempts to breach the main bullish channel’s resistance line, to hint the attempt to resume the bullish wave affected by the previously completed inverted head and shoulders’ pattern, and we prefer to stay side until the price confirms breaching this resistance at 0.8815 or breaking 0.8785 support line to detect its next destination clearly.
Note that breaching the mentioned resistance will lead the price to achieve new gains that reach 0.9025 areas, while breaking the support represents the key to resume trading inside the bearish channel and achieve negative targets that start at 0.8665.
The expected trading range for today is between 0.8750 support and 0.8890 resistance.
The expected trend for today: Neutral
Origin: FreshForex
