The USDCHF price managed to achieve our first waited target at 0.9055, which forms the bullish channel’s support line that appears on the chart, noticing that stochastic shows clear positive signals now, which supports the chances of resuming the main bullish trend within the mentioned channel, to head towards achieving positive targets that start at 0.9150 and extend to 0.9224.
The continuation of the bullish wave requires holding above 0.9055 and the most important above 0.9014, as breaking them represents the key to start bearish correction that its next target reaches 0.8884 areas.
The expected trading range for today is between 0.9020 support and 0.9150 resistance.
Trend forecast: Bullish
Origin: Economies
