The USDCHF pair shows sideways and tight range trading since yesterday to remain stable below 0.9700, noticing that stochastic reached the overbought levels now, waiting for motivating the price to resume the bearish trend in the upcoming sessions, supported by the negative pressure that forms by the EMA50.
Therefore, we wait for negative trading for today, and the targets begin by breaking 0.9578 level to confirm opening the way towards 0.9347 as a next main station.
Expected trading range for today is between 0.9550 support and 0.9700 resistance.
Expected trend for today: Bearish
Origin: Economies
