The USDCHF pair resumes its negative trading by today’s open to reach the thresholds of our waited target at 0.9626, noticing that stochastic provides negative signals that support the expectations to break this level and extend the bearish wave towards 0.9541 that represents our next negative target.
Therefore, the bearish bias will remain expected in the upcoming sessions, taking into consideration that breaching 0.9670 will push the price to test the key resistance 0.9730 before any new attempt to decline.
The expected trading range for today is between 0.9560 support and 0.9700 resistance.
The expected trend for today: Bearish
Origin: Economies
