The USDCHF pair traded positively yesterday to breach 0.9723 level and begins testing the most important resistance at 0.9750, but we notice that stochastic shows clear overbought signals now, which forms negative factor that we are waiting to push the price to decline again.
In general, the bearish trend scenario will remain active unless breaching 0.9750 and holding above it, noting that our next main target reaches 0.9620.
Expected trading range for today is between 0.9660 support and 0.9800 resistance.
Expected trend for today: Bearish
Origin: Economies
