The USDCHF pair retested the critical resistance level at 0.9676 and kept its stability below this level, where the EMA50 met the mentioned level to strengthen it, accompanied by the issuance of clear negative signals by stochastic.
Therefore, these factors encourage us to keep preferring the bearish trend in the upcoming period, reminding you that our main waited target at 0.9474, and achieving it conditioned by holding below 0.6976 level.
Expected trading range for today is between 0.9550 support and 0.9700 resistance.
Expected trend for today: Bearish
Origin: Economies
