The USDCHF pair faced negative pressure yesterday to break 0.9200 and settle below it, as the EMA50 formed solid resistance barrier against the price, while stochastic shows positive signals that might assist to push the price to recover again.
Therefore, we prefer to stay neutral until the price confirms its situation according to the mentioned level, noting that holding below it will press on the price to decline again and head towards 0.9140 initially, while stepping above it will push the price to achieve new gains that start at 0.9265.
The expected trading range for today is between 0.9150 support and 0.9265 resistance.
The expected trend for today: Neutral
Origin: Economies
