The USDCHF pair bounced downwards strongly after testing 0.9578 level, to settle around 0.9500 barrier again, noting that stochastic keeps declining to support the chances of continuing the bearish bias in the upcoming sessions.
Therefore, we will keep our bearish overview on the intraday and short term basis, reminding you that our next main target is located at 0.9347, while holding below 0.9578 represents key condition to continue the suggested decline.
Expected trading range for today is between 0.9420 support and 0.9578 resistance.
Expected trend for today: Bearish
Origin: Economies
