The USDCHF pair provided clear negative trades yesterday to approach our waited target at 0.9351, showing bullish bias now affected by stochastic positivity, noticing that the indicator loses its positive momentum to head towards the overbought areas, waiting to motivate the price to resume the bearish wave that gets continuous support by the EMA50.
Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 0.9456.
The expected trading range for today is between 0.9360 support and 0.9480 resistance.
The expected trend for today: Bearish
Origin: Economies
