The USDCHF price faced negative pressures yesterday to attempt to break the bullish channel’s support line, but it returns to fluctuate around it, noticing that the EMA50 continues to provide the positive support to the price, waiting to resume the bullish wave that targets 0.9224 mainly.
On the other hand, we should note that breaking 0.9120 and holding below it will push the price to achieve more decline and head to test 0.9014 areas before any new attempt to rise.
The expected trading range for today is between 0.9070 support and 0.9200 resistance.
Trend forecast: Bullish
Origin: Economies
