The USDCHF pair returns to test the main bearish channel’s resistance, noticing that stochastic shows clear overbought signals now, waiting to motivate the price to resume the expected bearish trend on the intraday basis, which targets 0.8665 initially.
Breaking 0.8785 will reinforce the expectations to decline, while breaching 0.8850 represents the key to resume the bullish wave and achieve new gains that reach 0.9000 areas on the near-term basis.
The expected trading range for today is between 0.8750 support and 0.8890 resistance.
The expected trend for today: Bearish
Origin: Economies
