The USDCHF pair provided additional negative trades to trade below the bearish channel’s resistance that appears on the chart, which reactivate the main bearish trend scenario and stops the recently suggested correctional bullish track, on its way to achieve more expected decline in the upcoming sessions, to head towards testing 0.9000 level as a next main target.
Stochastic loses the positive momentum to support the expectations to decline, which will remain valid unless the price rallied to breach 0.9192 and hold above it.
The expected trading range for today is between 0.9020 support and 0.9150 resistance.
The expected trend for today: Bearish
Origin: Economies
