The USDCHF price provided clear positive trades yesterday to surpass 0.8455 level, but we notice that the EMA50 forms solid resistance against the price, accompanied by stochastic loss to the positive momentum clearly.
Therefore, these factors encourage us to suggest the bearish bias in the upcoming sessions, waiting to visit 0.8332 as a next main target, noting that breaching 0.8543 will stop the expected decline and lead the price to turn to rise.
The expected trading range for today is between 0.8390 support and 0.8540 resistance.
Trend forecast: Bearish
Origin: Economies
