The USDCHF pair rallied upwards clearly yesterday to breach the bearish channel’s resistance and settle above it, to head towards resuming the bullish wave on the intraday and short-term basis, affected by the inverted head and shoulders’ pattern that its signs appear on the chart, noting that the expected targets begin at 0.9000 and extend to 0.9140.
Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected bullish trend, noting that breaking 0.8800 will stop the expected rise and push the price to turn to decline.
The expected trading range for today is between 0.8770 support and 0.8920 resistance.
The expected trend for today: Bullish
Origin: Economies
