The USDCHF pair fluctuates around 0.9530 level and attempts to break it, noticing that stochastic loses its positive momentum clearly, while the EMA50 forms negative pressure against the price.
Therefore, these factors support the chances of continuing the expected bearish trend on the intraday and short term basis, which its next target reaches 0.9400, while holding below 0.9630 represents key condition to achieve it.
The expected trading range for today is between 0.9450 support and 0.9580 resistance.
The expected trend for today: Bearish
Origin: Economies
