The USDCHF pair traded with clear positivity to breach 0.9200 and heads towards testing the most important resistance at 0.9265, noticing that stochastic lost its positive momentum to show clear overbought signals, which supports the chances of bouncing bearishly to resume the expected bearish trend for the upcoming period, which its next target located at 0.9140.
We should note that breaching 0.9265 will stop the suggested decline and lead the price to achieve more gains on the intraday basis.
The expected trading range for today is between 0.9170 support and 0.9270 resistance.
The expected trend for today: Bearish
Origin: Economies
