The USDCHF pair showed positive trading yesterday affected by stochastic positivity, to test 0.9900 level now, as it closed the daily candlestick exactly at this level, which keeps the bearish trend scenario valid on the intraday basis, supported by stochastic entering to the overbought areas.
Therefore, we are waiting for negative trading for today, which targets testing 0.9800 level initially, noting that breaching 0.9900 level will reactivate the recently suggested positive scenario, which its next target located at 1.0000.
Expected trading range for today is between 0.9800 support and 0.9975 resistance.
Expected trend for today: Bearish
Origin: Economies
