The USDCHF pair showed some positive trading yesterday but it faced good resistance formed by the EMA50, which pushed the price to trade below 0.9935 level again, noticing that stochastic shows negative overlapping signal on the four hours’ time frame.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming sessions, noting that our next target is located at 0.9864, while holding below 1.0010 represents the first condition to continue the expected decline.
Expected trading range for today is between 0.9864 support and 0.9965 resistance.
Expected trend for today: Bearish
Origin: Economies
