The USDCHF price bounced bearishly after the rise that it witnessed in the previous sessions, to settle below the EMA50, reinforcing the expectations of continuing the bearish trend on the intraday basis, waiting to visit 0.8332 as a next main target.
Stochastic current positivity might cause some sideways fluctuation before resuming the expected decline, which will remain valid unless the price rallied to breach 0.8543 and hold above it.
The expected trading range for today is between 0.8390 support and 0.8520 resistance.
Trend forecast: Bearish
Origin: Economies
