The USDCHF pair managed to reach the thresholds of the waited positive target at 0.9800, to show some slight bearish bias now affected by stochastic negativity, which might push the price to test the key support 0.9676.
Now, we need a clearer confirmation signal for the next trend, which we will get through breaching one of the key levels represented by 0.9676 support and 0.9800 resistance, and the contradiction between the EMA50 positivity and stochastic negativity offers another reason for neutrality, noting that breaching the mentioned resistance will lead the price to achieves more gains that its next target located at 0.9900, while breaking 0.9676 represents the key to return to the medium term bearish track, which targets testing the previously recorded low at 0.9474 as a next main station.
Expected trading range for today is between 0.9676 support and 0.9850 resistance.
Expected trend for today: Depends on the above mentioned levels
Origin: Economies
