USDCHF touches the first target – Analysis - 04-01-2017

The USDCHF pair rallied strongly to the upside yesterday to succeed to touch our first main target at 1.0326, showing some bearish bias that allowed stochastic to get rid of its negativity and gain positive momentum gradually on the four hours' time frame, noticing that the EMA50 forms good support base that protects the price from achieving more decline.

Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming period, and breaching 1.0326 level will lead the price to head towards 1.0450 as a next main station, noting that holding above 1.0210 represents the first protecting factor to the continuation of the suggested positive scenario.

Expected trading range for today is between 1.0210 support and 1.0350 resistance.

Expected trend for today: Bullish