The USDCHF pair continues to trade negatively and attempt to confirm the stability inside the bearish channel that appears on the chart, supported by the EMA50 that continues to press negatively on the price, while stochastic loses its positive momentum clearly.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which targets 0.9000 level as a next main station, taking into consideration that breaching 0.9105 might push the price to test 0.9192 before any new attempt to decline.
The expected trading range for today is between 0.9000 support and 0.9120 resistance.
The expected trend for today: Bearish
Origin: Economies
