The USDCHF pair hovers around 0.9976 level since yesterday, while stochastic gets rid of its negative momentum gradually to head towards the oversold areas, noticing that the EMA50 keeps providing the positive support to the price.
Therefore, these factors support the continuation of the bullish trend scenario that its next target located at 1.0100, noting that breaking 0.9950 might push the price to decline towards 0.9890 followed by 0.9790 areas before any new attempt to rise.
Expected trading range for today is between 0.9920 support and 1.0040 resistance.
Expected trend for today: Bullish