The USDCHF price fluctuates around the EMA50 that forms intraday resistance against the price, noticing that stochastic begins to overlap positively now, waiting to motivate the price to resume the positive trades to breach 0.8670 and open the way to rally towards 0.8780 as a next positive target.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 0.8625 will stop the expected rise and put the price under the negative pressure again.
The expected trading range for today is between 0.8600 support and 0.8730 resistance.
Trend forecast: Bullish
Origin: Economies
