The USDCHF pair continued its negative trading yesterday to reach our second waited target at 0.9676, as it shows some slight bullish bias now affected by stochastic positivity, and it might head towards retesting 0.9800 level before turning back to decline.
In general, we expect the continuation of the negative pressure in the upcoming sessions as long as the price is below 0.9800, supported by the EMA50, noting that breaking 0.9676 level will open the way to visit 0.9474 areas as a next main station.
Expected trading range for today is between 0.9600 support and 0.9800 resistance.
Expected trend for today: Bearish
Origin: Economies
