The USDCHF pair bounced downwards clearly yesterday to approach the EMA50, noticing that stochastic gets rid of its negativity and shows clear oversold signals, which supports the chances of resuming the main bullish trend in the upcoming sessions, which its next main target located at 0.9990.
Therefore, we will keep our bullish overview conditioned by the price stability above 0.9836.
The expected trading range for today is between 0.9836 support and 0.9940 resistance.
The expected trend for today: Bullish