The USDCHF pair tested 0.9712 level and keeps its stability below it, which keeps the bearish trend scenario valid for the upcoming period, supported by the negative signal provided by stochastic, besides the negative pressure coming by the EMA50, waiting to visit 0.9588 level as a next main target.
We remind you that the continuation of the suggested bearish wave depends on the price stability below 0.9712.
The expected trading range for today is between 0.9620 support and 0.9740 resistance.
The expected trend for today: Bearish
Origin: Economies
