The USDCHF pair provided new positive trading yesterday to test 0.9800 level, which keeps forming a strong resistance barrier against the positive attempts, accompanied by the beginning of stochastic decline from the overbought levels.
Therefore, we believe that the chances available for resuming the bearish trend in the upcoming sessions, and the target begin by breaking 0.9676 level to open the way towards targeting 0.9474, reminding you that holding below 0.9800 represents the most important condition for achieving the suggested targets.
Expected trading range for today is between 0.9676 support and 0.9840 resistance.
Expected trend for today: Bearish
Origin: Economies
