The USDCHF pair succeeded to touch our waited target at 0.9200 and bounced bullishly from there, to head towards retsting 0.9265 level that forms key resistance now, accompanied by stochastic loss to the positive momentum clearly, waiting to resume the negative trades to break 0.9200 and open the way to rally towards 0.1935 as a next main station.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 0.9265 and holding above it.
The expected trading range for today is between 0.9180 support and 0.9280 resistance.
The expected trend for today: Bearish
Origin: Economies
