The USDCHF pair provided clear negative trades yesterday to approach our waited target at 0.8900, and returns to fluctuate around the intraday bearish channel’s resistance, noticing that the EMA50 continues to press negatively on the price, while stochastic provides new negative signals.
Therefore, we believe that the chances valid to continue the expected bearish trend for the upcoming period, reminding you that holding below 0.9030 is important to continue the suggested decline.
The expected trading range for today is between 0.8910 support and 0.9000 resistance.
The expected trend for today: Bearish
Origin: Economies
