The USDCHF price attempted to break 0.8770 but it couldn’t settle for long time below it, to remain stuck between the trend keys represented by the mentioned support and 0.8805 resistance, and the price needs to surpass one of them to detect its next destination clearly.
Note that breaking the mentioned support will put the price under negative pressure that targets 0.8690 followed by 0.8625 levels as next negative stations, while breaching the resistance represents the key to resume the bullish trend and head to visit 0.9000 barrier on the near-term basis.
The expected trading range for today is between 0.8690 support and 0.8850 resistance.
Trend forecast: Neutral
Origin: Economies
