The USDCHF pair returns to rise and test the key resistance 0.8965, to hint the attempt to return to the correctional bullish track again, but it faces clear negative factors provided by the technical indicators, which makes us prefer to stay aside until we get clearer signal for the next trend, through monitoring the price behavior according to 0.8965 – 0.8980 levels.
Note that surpassing the mentioned levels will lead the price to achieve new gains that start by testing 0.9055 areas, while consolidating below it will push the price to decline again and head to visit 0.8850 followed by 0.8820 levels mainly.
The expected trading range for today is between 0.8890 support and 0.9050 resistance.
The expected trend for today: Neutral
Origin: Economies
