USD / CHF pair rebounded upwards after testing the support of the main ascending channel, approaching the moving SMA 50 which is instantaneous resistance at 0.9970, as the price needs to breach this level to release from the negative pressure and facilitate the continuation of the main bullish trend.
Therefore, we continue to favor the bullish trend over the coming period provided that the daily closing is above 0.9930, noting that the main targets are expected to start at 1.0005 and extend to 1.0165 after breaching the previous level.
The trading range for today is among the key support at 0.9930 and resistance at 1.0010


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