The USDCHF pair faced temporary negative pressure in the previous sessions to move below the bullish channel’s support line, noticing that the EMA50 continues to support the price from below, while stochastic reaches the oversold areas.
Therefore, these factors encourages us to continue suggesting the bullish trend for the upcoming period, which its next target located at 1.0100, while achieving it requires holding above 1.0000.
The expected trading range for today is between 0.9980 support and 1.0090 resistance.
The expected trend for today: Bullish