The USDCHF pair touched the sideways range resistance that appears on chart at 1.0190 and starts to rebound bearishly from there, targeting visiting the mentioned range’s support at 1.0075, supported by the negative signal that appears through stochastic.
Until now, the sideways range dominating the intraday trading until the price manages to breach one of the above mentioned levels, noting that breaching 1.0190 level will lead the price to resume the main bullish track that its next target located at 1.0326, while breaking 1.0075 will push the price to extend its bearish correction followed by targeting areas that start at 1.0005 and extend to 0.9894.
Expected trading range for today is between 1.0075 support and 1.0230 resistance.
Expected trend for today: Sideways
Origin: Economies
