The USDCHF price rallied upwards strongly yesterday to breach 0.9766 level and touches the positive target of the breach at 0.9835 direct, noticing that stochastic shows clear overbought signals now, to start declining and move below the last level.
Therefore, we believe that the chances are valid to resume the bearish trend in the upcoming sessions, which its targets begin by testing 0.9766 level again, noting that failing to hold below 0.9835 will push the price to achieve more gains and visit 0.9900 level as a next station.
Expected trading range for today is between 0.9760 support and 0.9900 resistance.
Expected trend for today: Bearish
Origin: Economies
