The USDCHF price encountered strong resistance from the EMA50, resulting in a slight bearish bias. However, stochastic indicators have shifted from negative to oversold signals, indicating potential assistance in pushing the price to resume the bullish track.
The bullish track targets mainly 0.9170 followed by 0.9225 levels.
Therefore, the bullish trend is expected to continue for the upcoming period, provided that the price remains stable above 0.9014.
Between the support at 0.9020 and the resistance at 0.9140