The USDCHF pair shows positive trades to test the EMA50 that forms good resistance around 0.9210, accompanied by stochastic loss to the positive momentum clearly and starting to overlap negatively, waiting to motivate the price to resume the bearish wave that targets 0.9060 as a next main station.
Therefore, the bearish trend will remain and active for the upcoming period, taking into consideration that breaching 0.9210 will lead the price to continue the rise and visit 0.9316 before any new negative attempt.
The expected trading range for today is between 0.9120 support and 0.9250 resistance.
The expected trend for today: Bearish
Origin: Economies
