The USDCHF pair provided clear positive trades yesterday to test the intraday bearish channel’s resistance that appears on the chart, accompanied by stochastic loss to the positive momentum and witnessing clear overbought signals, waiting to motivate the price to rebound bearishly and resume the bearish trend in the upcoming sessions.
Therefore, our bearish overview will remain valid on the intraday and short term basis as long as 0.9192 remains intact, reminding you that our main waited target reaches 0.9010.
The expected trading range for today is between 0.9180 support and 0.9192 resistance.
The expected trend for today: Bearish
Origin: Economies
