The USDCHF pair hovers around the EMA50, keeping its stability below 0.9541, noticing that stochastic provides clear negative signals now, waiting to motivate the price to resume the expected bearish trend for the upcoming period, reminding you that our first target is located at 0.9456.
The continuation of the bearish wave conditions holding below 0.9541, while breaking 0.9456 represents the key to rally towards 0.9350 as a next negative station.
The expected trading range for today is between 0.9420 support and 0.9560 resistance.
The expected trend for today: Bearish
Origin: Economies
