The USDCHF price attempted to breach 0.8670 level but it finds difficulty to hold above it, noticing that stochastic gets rid of its negative momentum to reach the oversold areas again, waiting to assist to push the price to rise and surpass the mentioned level followed by rallying towards our next target at 0.8780.
Therefore, our bullish overview will remain valid on the intraday basis, reminding you that breaking 0.8625 will push the price to turn to decline.
The expected trading range for today is between 0.8600 support and 0.8730 resistance.
Trend forecast: Bullish
Origin: Economies
