The USDCHF pair trades positively after testing the bullish channel’s support line, facing the EMA50 that forms intraday resistance now at 0.9940, as it needs to surpass this level to ease the mission of heading towards our waited positive target at 1.0055.
Therefore, the bullish trend scenario will remain active for today, conditioned by the price stability above 0.9910 and the most important above 0.9850.
Expected trading range for today is between 0.9870 support and 1.0020 resistance.
Expected trend for today: Bullish