The USDCHF pair traded positively yesterday to move above 0.9752, but it continues to face the solid resistance formed by 0.9800 barrier, noticing that stochastic loses its positive momentum clearly to reach the overbought areas, which forms negative pressure that we are waiting to assist to push the price to decline again.
Therefore, we will keep our bearish overview for the upcoming period conditioned by the price stability below 0.9848 level, reminding you that our main targets begin at 0.9634 and extend to 0.9442.
Expected trading range for today is between 0.9660 support and 0.9848 resistance.
Expected trend for today: Bearish
Origin: Economies
