The USDCHF pair returns to test the bearish trend line and the key resistance at 0.9848, noticing that stochastic loses its positive momentum clearly to reach the overbought areas, therefore, we believe that the chances are valid to resume the main bearish trend and trade negatively in the upcoming sessions, waiting to surpass 0.9752 level to confirm opening the way to head towards 0.9634 as a next main target.
Note that breaching 0.9848 followed by 0.9944 levels will stop the suggested negative scenario and lead the price to recover and achieve gains that start at 1.0062.
Expected trading range for today is between 0.9700 support and 0.9900 resistance.
Origin: Economies
Expected trend for today: Bearish
