USDCHF kept moving in sideways trading below 0.9600, while noting the Stochastic has lost its positive momentum gradually as it nears overbought levels, while the SMA50 keeps up the negative pressures in the intraday levels and short term trading.
Therefore we reaffirm the negative outlook for the pair, with a next main target at 0.9474, provided the pair remain held under the level of 0.9676.
Expected trading range for today is between 0.9450 support and 0.9600 resistance.
Expected trend for today: Bearish
Origin: Economies
