The USDCHF pair shows some bullish bias since yesterday to move above 0.9620, but the EMA50 continues to press negatively on the price, accompanied by stochastic reach to the overbought areas.
Therefore, these factors encourage us to keep our bearish overview, reminding you that our next target reaches 0.9518, while holding below 0.9723 represents key condition to continue the suggested decline.
Expected trading range for today is between 0.9570 support and 0.9685 resistance.
Expected trend for today: Bearish
Origin: Economies
