The USDCHF pair keeps its stability below 0.9752 level, which is met by the EMA50 to add more strength to it, accompanied by witnessing clear negative signals through stochastic on the four hours’ time frame.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming period, waiting to target 0.9634 level initially, which breaking it represents the key to extend the bearish wave towards 0.9442.
Expected trading range for today is between 0.9634 support and 0.9800 resistance.
Expected trend for today: Bearish
Origin: Economies
