The USDCHF pair retested 0.9676 level and kept its stability above it, to keep the bullish trend scenario valid efficiently for the upcoming period, supported by stochastic positivity that appears clearly on the four hours’ time frame, waiting to visit 0.9800 level initially.
In general, we will continue to suggest the bullish trend on the intraday and short term basis unless breaking 0.9676 level and holding below it, noting that the EMA50 meets this level to add more strength to it and reinforce our positive overview.
Expected trading range for today is between 0.9650 support and 0.9800 resistance.
Expected trend for today: Bullish
Origin: Economies
