The USDCHF pair provided positive trades to test 0.9730 level and settles there, accompanied by stochastic loss to the positive momentum and reaching the overbought areas, which supports the chances of resuming the expected bearish trend for the upcoming period, which its next target located at 0.9626.
On the other hand, we should note that braeching 0.9730 and holding above it will stop the suggested decline and push the price to start bullish wave that targets 0.9800 followed by 0.9900 levels as next main stations.
The expected trading range for today is between 0.9640 support and 0.9770 resistance.
The expected trend for today: Bearish
Origin: Economies
