The USDCHF pair rallied upwards clearly yesterday to breach 0.8820 level and settles above it, to return to the bullish channel that appears on the chart and head towards achieving expected gains in the upcoming sessions, targeting visiting 0.9000 barrier as a first positive station.
Therefore, we expect to witness more rise on the intraday basis, noting that failing to consolidate above 0.8835 will stop the bullish trend and push the price to head towards testing the key support areas around 0.8750 initially.
The expected trading range for today is between 0.8800 support and 0.8930 resistance.
Trend forecast: Bullish
Origin: Economies
