The USDCHF pair bounced bearishly after retesting 0.9634 level yesterday, supported by the negative overlapping signal provided by stochastic, which supports the continuation of the expected bearish trend scenario efficiently in the upcoming sessions, opening the way to head towards 0.9442 areas as a next main station.
The EMA50 continues to push negatively on the price to support the expected decline, which its continuation conditions holding below 0.9752.
Expected trading range for today is between 0.9500 support and 0.9700 resistance.
Expected trend for today: Bearish
Origin: Economies
