The USDCHF pair shows some slight bearish bias now, on its way for a potential test to the intraday bullish channel’s support line, accompanied by stochastic beginning to get rid of its negative momentum, while the EMA50 keeps providing the positive support to the price.
Therefore, we believe that the chances are valid to continue the overall bullish trend, which its next target located at 1.0128, while achieving it conditions holding above 0.9990.
The expected trading range for today is between 0.9980 support and 1.0080 resistance.
The expected trend for today: Bullish
Origin: Economies
