The USDCHF pair managed to breach 0.9900 level and closed the daily candlestick above it, reinforcing the expectations of more rise in the upcoming period, opening the way to head towards 1.0000 as a next main station.
Therefore, our bullish overview will remain valid efficiently on the intraday and short term basis, supported by the EMA50 that keeps carrying the price from below, noting that holding above 0.9800 level represents key condition to continue the suggested bullish wave.
Expected trading range for today is between 0.9850 support and 1.0030 resistance.
Expected trend for today: Bullish
Origin: Economies
