The USDCHF pair provided clear positive trades yesterday to test the bearish channel’s resistance, and the price keeps its stability below this resistance until now, accompanied by witnessing new negative signals through stochastic.
Therefore, we believe that the chances valid to resume the bearish trend, which its next target located at 0.8800, noting that confirming breaching 0.8950 will stop the expected decline and lead the price to start correctional bullish wave on the intraday basis.
The expected trading range for today is between 0.8850 support and 0.9010 resistance.
The expected trend for today: Bearish
Origin: Economies
