The USDCHF pair traded with clear positivity in the previous sessions to test the key resistance 0.8810, noticing that the price consolidates below this level until now, accompanied by witnessing negative overlapping signal through stochastic, which supports the chances of bouncing bearishly to resume the bearish track again.
Therefore, we expect to witness negative trades in the upcoming sessions, and the next target is located at 0.8710, noting that breaching 0.8810 will push the price to achieve more gains and head towards 0.8888 as a next positive station.
The expected trading range for today is between 0.8710 support and 0.8850 resistance.
The expected trend for today: Overall bearish
Origin: Economies
