The USDCHF pair managed to return to the bullish channel that appears on chart and closed the weekly candlestick above its support line, which opens the way to resume the main bullish trend that its first main target located at 1.0360, noting that breaching this level will open the way to extend the pair’s gains to reach 1.0565.
Therefore, the bullish trend will be expected for the upcoming period supported by the EMA50, unless breaking 1.0280 followed by 1.0180 levels and holding below them.
Expected trading range for today is between 1.0225 support and 1.0400 resistance.
Expected trend for today: Bullish