Description
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USDCHF is currently consolidating.
The price is stuck between 2 horizontal key levels that compose a range.
0.9425 - 0.946 is the resistance of the range.
0.9285 - 0.9306 is the support of the range.
Depending on the reaction of the price to its boundaries,
I see 2 potential scenarios:
If the price breaks and closes above the resistance of the range,
a bullish continuation will be expected at least to 0.9537.
If the price breaks and closes below the support of the range,
a bearish move will be expected to 0.9193 support.
Wait for a breakout, that will clarify the future direction of the market.
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