The USDCHF price tested 0.9014 level and bounced bullishly from there, to keep the bullish trend scenario valid and active for the upcoming period, and the price needs to breach 0.9085 to confirm the return to the bullish channel and resume the bullish track that its next target located at 0.9150.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 0.9014 will stop the positive scenario and push the price to turn to decline.
The expected trading range for today is between 0.9000 support and 0.9140 resistance.
Trend forecast: Overall bullish
Origin: Economies
