The USDCHF price provided negative trades yesterday to press on 0.8400 barrier, but it bounced bullishly to test 0.8500 level, noticing that stochastic loses the positive momentum again, which supports the chances of turning back to decline in the upcoming sessions, waiting to head towards 0.8332 as a next main target.
Therefore, the overall bearish trend will remain expected, noting that the continuation of the bearish wave requires holding below 0.8543.
The expected trading range for today is between 0.8410 support and 0.8550 resistance.
Trend forecast: Bearish
Origin: Economies
