The USDCHF pair faced negative pressure yesterday to move below 0.8965 level, noticing that stochastic got rid of its negative momentum to reach the oversold areas now, while the EMA50 provides positive support to the price.
Therefore, we believe that the chances valid to resume the correctional bearish wave, which its next main target located at 0.9055, noting that breaking 0.8920 will put the price under additional negative pressure to head towards returning to the main bearish trend again.
The expected trading range for today is between 0.8890 support and 0.9030 resistance.
The expected trend for today: Bullish
Origin: Economies
