The USDCHF pair traded with clear negativity yesterday to break the bullish channel’s support line and apoprach the most important support to the short term trading at 0.9850, and as we mentioned in our recent reports, holding above this level keeps the main bullish trend scenario valid, waiting to rebound bullish to resume the rise that targets 1.0055 level initially.
Stochastic shows clear oversold signals to support the expected rise.
Expected trading range for today is between 0.9830 support and 0.9950 resistance.
Expected trend for today: Bullish
Origin: Economies
