The USDCHF pair bounced bearishly after testing the key resistance 0.9752, and as we mentioned in our previous reports, holding below this level will keep the bearish trend scenario valid and active, waiting to visit 0.9634 level as a first main station, noting that breaking this level will push the price to head towards the previously recorded low at 0.9442.
The EMA50 supports the expected decline, while stochastic current positivity might cause some temporary fluctuation before turning back to resume the bearish trend.
Expected trading range for today is between 0.9634 support and 0.9752 resistance.
Expected trend for today: Bearish
Origin: Economies
