The USDCHF pair approached our main waited target at 0.9620, noticing that stochastic loses its positive momentum clearly to enter the overbought areas, while the EMA50 forms continuous negative pressure agains the price.
Therefore, these factors encourage us to suggest the continuation of the bearish trend in the upcoming sessions, noting that breaking 0.9620 will push the price towards 0.9518, while breaching 0.9723 followed by 0.9790 levels will stop the expected decline and push the price to start recovery attempts on the intraday and short term basis.
Expected trading range for today is between 0.9600 support and 0.9723 resistance.
Expected trend for today: Bearish
Origin: Economies
