The USDCHF pair attempted to breach 0.9752 on last Friday but it closed the daily candlestick below it, which keeps the bearish trend scenario valid until now, supported by stochastic negativity that appears clearly on the four hours’ time frame, waiting to resume the bearish bias that targets 0.9634 initially.
We remind you that breaking the targeted level will extend the bearish wave to reach 0.9442, while breaching 0.9752 will stop the expected decline and lead the price for recovery attempts that its targets begin at 0.9848 and extend to 0.9944 after breaching the previous level.
Expected trading range for today is between 0.9634 support and 0.9800 resistance.
Expected trend for today: Bearish
Origin: Economies
