The USDCHF price didn’t show any strong move in the previous sessions, to remain stuck between the key levels represented by 0.8670 support and 0.8810 resistance, thus, our neutrality will remain valid until the price manages to surpass one of the mentioned levels and detect its next destination clearly.
Note that breaking the mentioned support will push the price back to the main bearish channel to head towards achieving negative targets that start at 0.8620, while breaching the resistance represents the key to reactivate the effect of the previously completed inverted head and shoulders’ pattern followed by rallying to visit 0.9000 barrier as a next main station.
The expected trading range for today is between 0.8690 support and 0.8850 resistance.
Trend forecast: Neutral
Origin: Economies
