The USDCHF pair provided clear negative trading on last Friday to attack the key support level 0.9578 without managing to hold below it until now, noticing that stochastic lost its positive momentum and shows negative signals now, which support the chances of resuming the bearish trend in the upcoming sessions, organized inside the bearish channel that appears on chart.
Therefore, the bearish trend will remain suggested for today conditioned by holding below 0.9700 level, reminding you that our next main targets begin at 0.9430 and extend to 0.9347.
Expected trading range for today is between 0.9520 support and 0.9650 resistance.
Expected trend for today: Bearish
Origin: Economies
