The USDCHF price traded positively yesterday to approach 0.8883 level, noticing that stochastic lost its positive momentum to enter the overbought areas, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets 0.8778 mainly.
Breaking 0.8830 will ease the mission of achieving the expected decline, which will remain valid unless breaching 0.8883 and hold above it.
The expected trading range for today is between 0.8780 support and 0.8910 resistance.
Trend forecast: Bearish
Origin: Economies
