The USDCHF pair bounced bullishly after testing the main bullish channel's support, approaching from the EMA50 that forms intraday resistance now at 0.9970, as the price needs to breach this level to get released from the negative pressure and ease the mission of continuing the main bullish trend.
Therefore, we will continue to suggest the bullish trend in the upcoming period conditioned by the stability of the daily close above 0.9930, noting that the main waited tagrets begin at 1.0005 and extend to 1.0165 after breaching the previous level.
Expected trading range for today is between 0.9930 support and 1.0010 resistance.
Expected trend for today: Bullish