The USDCHF pair provided clear negative trading as expected yesterday to fluctuate around the EMA50 now, and stochastic continues to provide the negative signals that support the continuation of decline in the upcoming sessions, pushing on the price to head towards the key support at 0.9578.
Therefore, the bearish bias will be suggested for today unless breaching 0.9750 level and holding above it, which will lead the price to attempt to head towards 0.9864 level again.
Expected trading range for today is between 0.9650 support and 0.9800 resistance.
Expected trend for today: Bearish
Origin: Economies
