The USDCHF price bounced upwards clearly to breach 0.8465 and settle above it, to head towards potential test to the key resistance 0.8543, but we notice that stochastic shows big overbought signals, which supports the chances of bouncing bearishly again to resume the bearish trend that its next target reaches 0.8332.
Therefore, we expect the continuation of the overall bearish trend domination unless breaching 0.8543 and holding above it.
The expected trading range for today is between 0.8430 support and 0.8550 resistance.
Trend forecast: Overall bearish
Origin: Economies
