The USDCHF pair shows some slight bearish bias, as it was affected by stochastic negativity, noticing that the indicator reaches the oversold areas now, waiting to motivate the price to resume the main bullish trend, which its next target extends to reach 0.9105.
Therefore, we will continue to suggest the bullish trend for the upcoming period, organized inside the bullish channel that appears on the chart, noting that the continuation of the bullish wave depends on the price stability above 0.8935 as the first protection factor to the positive scenario.
The expected trading range for today is between 0.8915 support and 0.9050 resistance. Trend forecast: Bullish
Origin: Economies
