The USDCHF pair traded with clear negativity yesterday to surpass our first waited target at 0.9890, but it returns to rise to retest the previously broken support line of the bullish channel that appears on the chart, accompanied by stochastic losing the positive momentum clearly, which supports the chances of bouncing bearishly to resume the main bearish trend, which its next target located at 0.9800.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions conditioned by the price stability below 0.9960 and the most important below 1.0010.
The expected trading range for today is between 0.9850 support and 0.9980 resistance.
The expected trend for today: Bearish
Origin: Economies
