The USDCHF pair finds difficulty to break 0.8968 level, to head towards retesting the broken neckline of the double top pattern that appears on the chart, noticing that stochastic shows clear overbought signals now, to support the chances of resuming the expected bearish trend for the upcoming period, which its targets begin by breaking the mentioned support to head towards 0.8889.
On the other hand, we should note that breaching 0.9020 will push the price to achieve more gains and test 0.9066 as a next positive station.
The expected trading range for today is between 0.8930 support and 0.9050 resistance.
The expected trend for today: Bearish
Origin: Economies
