The USDCHF price is testing the EMA50 that forms good resistance against the price, accompanied by stochastic loss to the positive momentum and reach to the oversold areas, waiting to motivate the price to resume the bearish trend, which targets 0.8332 areas mainly.
Holding below 0.8470 represents the first condition to the continuation of the expected decline, as breaching it push the price to test 0.8543 areas before any new attempt to decline.
The expected trading range for today is between 0.8370 support and 0.8500 resistance.
Trend forecast: Bearish
Origin: Economies
