The USDCHF pair trades with clear positivity to move away from 0.9900 level and head towards our next main waited target at the psychological barrier 1.0000, as the price gets good positive support by the EMA50, which encourages us to continue suggesting the bullish trend in the upcoming period, noting that breaching the targeted level will extend the pair’s gains to reach 1.0127.
Holding above 0.9900 level represents the first condition to continue the bullish momentum for today, as breaking it might push the price to test the most important support base for the short term trading at 0.9800 before any new attempt to rise.
Expected trading range for today is between 0.9880 support and 1.0050 resistance.
Expected trend for today: Bullish
Origin: Economies
