The USDCHF pair found solid resistance formed at the previously broken bullish trend line as appears on the chart, to show some temporary bearish bias, noticing that stochastic gathers the positive momentum clearly, waiting to motivate the price to resume the positive trades and head towards our next main target at 0.8800.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period unless breaking 0.8605 and holding with a daily close below it.
The expected trading range for today is between 0.8630 support and 0.8770 resistance.
The expected trend for today: Bullish
Origin: Economies
