The USDCHF pair shows some slight bullish bias after it found solid support base at 0.9700, and the price is affected by stochastic positivity that appears on the four hours’ time frame, while the EMA50, forms negative pressure against the intraday trades.
Therefore, we believe that the bearish bias will remain dominant in the upcoming period, and the next main target is located at 0.9578, reminding you that the continuation of the expected decline depends on the stability below 0.9864.
Expected trading range for today is between 0.9650 support and 0.9810 resistance.
Expected trend for today: Bearish
Origin: Economies
