The USDCHF price provided clear positive trades yesterday to surpass the EMA50 and reach the key resistance 0.8543, which urges caution from the upcoming trading, as the price needs to consolidate below this level to keep the bearish trend active for the upcoming period, supported by stochastic negativity, waiting to visit 0.8455 followed by 0.8332 levels as next main stations.
On the other hand, we should note that breaching 0.8543 and holding above it will lead the price to achieve more gains and head to test 0.8673 areas mainly.
The expected trading range for today is between 0.8350 support and 0.8580 resistance.
Trend forecast: Bearish
Origin: Economies
