The USDCHF pair traded with clear positivity yesterday to reach the key resistance 0.9626, noticing that the price keeps its stability below it, accompanied by witnessing negative overlapping signal through stochastic, which forms negative motive that we are waiting to push the price to resume the correctional bearish wave, which its targets extend to 0.9456 after confirming breaking 0.9541.
Therefore, the bearish trend scenario will remain valid for the upcoming period unless breaching 0.9626 and holding above it.
The expected trading range for today is between 0.9500 support and 0.9660 resistance.
The expected trend for today: Bearish
Origin: Economies
