The USDCHF pair rallied upwards strongly on last Friday to breach 0.9456 level and test the key resistance 0.9541, which formed solid resistance against the price, as we notice that the price begins to rebound bearishly from there, supported by the negative signal provided by stochastic, waiting for more decline to visit 0.9456 initially.
Therefore, the bearish bias will be expected for today, and breaking the targeted level will push the price to 0.9350 as a next negative station, while the expected decline will remain valid unless breaching 0.9541 level and holding above it.
The expected trading range for today is between 0.9450 support and 0.9570 resistance.
The expected trend for today: Bearish
Origin: Economies
