The USDCHF pair traded with strong negativity yesterday to surpass our waited target at 0.9856 and settles below it, paving the way to continue the bearish wave on the short term basis, noting that the next target reaches 0.9700.
Stochastic current positivity might push the price for some temporary rise before resuming the expected decline, noting that breaching 0.9885 will stop the negative scenario and lead the price to start recovery attempts on the intraday and short term basis.
The expected trading range for today is between 0.9750 support and 0.9880 resistance.
The expected trend for today: Bearish
Origin: Economies
