The USDCHF pair fluctuates around 0.9740 level and attempts to breach it, noticing that stochastic loses its positive momentum clearly to reach the thresholds of the overbought areas, which supports the chances of bouncing bearishly to resume the expected bearish bias on the intraday basis, which targets testing 0.9578 level mainly.
Therefore, our bearish overview will remain valid and active for today unless the price settled above 0.9740.
Expected trading range for today is between 0.9640 support and 0.9800 resistance.
Expected trend for today: Bearish
Origin: Economies
