USDCHF Price Analysis
Expected Scenario
The USDCHF price is testing the sideways range’s support line at 0.8885 now, accompanied by witnessing positive signals through stochastic that might push the price to rebound bullishly and head towards this range’s resistance at 0.9014$, to keep the price confined within the sideways track until managing to surpass one of the mentioned levels followed by detecting its next destination clearly.
Note that the continuation of the negative pressure and breaking the mentioned support will push the price to visit the next correctional level at 0.8780, while rallying upwards and breaching the resistance will lead the price to resume the main bullish trend and achieve positive targets that start at 0.9100 followed by 0.9224.
Expected Trading Range
The expected trading range for today is between 0.8820 support and 0.8970 resistance.
Trend Forecast: Sideways
Origin: Economies
