The USDCHF price faced negative pressure in the previous sessions to break 0.8673 level and settle below it, which represents the first protection factor to the recently suggested positive scenario, as it tests the second key support at 0.8645 now, and the EMA50 meets this level to add more strength to it, accompanied by stochastic entering the oversold areas.
Therefore, these factors encourage us to suggest the rise in the upcoming sessions, which targets 0.8730 followed by 0.8778 levels as next main stations, noting that breaking 0.8645 will put the price under additional negative pressure to head towards visiting 0.8543 areas on the near-term basis.
The expected trading range for today is between 0.8600 support and 0.8720 resistance.
Trend forecast: Bullish
Origin: Economies
