The USDCHF pair kept its stability above 0.9676 level, and the EMA50 provides good positive support to the price, which keeps the bullish trend scenario valid for the upcoming period, waiting to test 0.9800 level mainly, noting that it is important to monitor the price behavior when reaching it, as breaching this level represents the key to extend the pair’s gains to reach 0.9900 as a next main station.
Breaking 0.9676 level will stop the suggested positive scenario and push the price to resume the short term bearish trend.
Expected trading range for today is between 0.9676 support and 0.9850 resistance.
Expected trend for today: Bullish
Origin: Economies
