USDCHF Price Analysis
The USDCHF price broke the bullish channel’s support line yesterday but maintained consolidation above the 0.9100 barrier. Today, it starts with a bullish bias, attempting to return to the mentioned channel, motivated by stochastic positivity. There’s anticipation of further rise targeting 0.9200 followed by 0.9245 levels as the next main stations.
However, breaking 0.9100 will halt the bullish wave and subject the price to correctional bearish pressure.
Expected Trading Range
Support: 0.9050
Resistance: 0.9200
Trend Forecast: Bullish
Origin: Economies
