The USDCHF pair settles above the bullish channel’s support line, getting positive support by the EMA50, to keep the bullish trend scenario valid and active for the upcoming period, reminding you that our waited target is located at 0.9000.
Stochastic gathers the positive momentum to reinforce the expectations of continuing the rise, taking into consideration that breaking 0.8815 will stop the bullish trend and push the price to turn to decline.
The expected trading range for today is between 0.8780 support and 0.8910 resistance.
Trend forecast: Bullish
Origin: Economies
