The USDCHF price succeeded to achieve our first waited target at 0.9150, noticing that the price returned to the bullish channel to support the expectations of continuing the bullish trend on the intraday and short-term basis, waiting to test 0.9224 as a next positive station.
Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by the EMA50 that carries the price from below, noting that breaking 0.9120 will stop the positive scenario and push the price to turn to decline.
The expected trading range for today is between 0.9120 support and 0.9245 resistance.
Trend forecast: Bullish
Origin: Economies
