The USDCHF pair settles near 0.9900 level, and the price still stuck between the trend confirmation levels mentioned in our previous reports, represented by 0.9800 support and 1.0000 resistance, waiting to breach one of them to detect the next destination clearly, which makes us continue with our neutrality until now, and the contradiction that appears between stochastic positivity and the EMA50 negativity offers another reason for neutrality.
Note that breaching 1.0000 level will allow the price to regain its main bullish track that its targets begin at 1.0130 and extend to 1.0330, wile breaking 0.9800 level represents negative factor that will push trading to head towards 0.9676 direct.
Expected trading range for today is between 0.9700 support and 1.0000 resistance.
Expected trend for today: Neutral
Origin: Economies
