The USDCHF pair continues to fluctuate near 0.9712 level and still below it, noticing that stochastic provides negative overlapping signal that we are waiting to assist to push the price to resume the expected bearish trend on the intraday basis, which targets 0.9588 level mainly.
Therefore, our bearish overview will remain valid conditioned by 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
