The USDCHF pair provided clear positive trades yesterday to test the key resistance 0.9730 and bounced bearishly from there, which keeps our bearish overview valid for the upcoming period, supported by stochastic and the EMA50 negativity, waiting to resume the decline to visit 0.9626 mainly.
We remind you that breaking the targeted level will push the price to 0.9541 as a next negative target, while the suggested decline will remain valid conditioned by the price stability below 0.9730.
The expected trading range for today is between 0.9600 support and 0.9730 resistance.
The expected trend for today: Bearish
Origin: Economies
