The USDCHF pair shows some bullish bias heading towards retesting 0.9676 level that was broken previously, accompanied by stochastic entering the overbought areas now, which forms negative factor that we are waiting to push the price to resume the decline again, while the EMA50 keeps pushing negatively on the intraday and short term trading.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming sessions, and the next target is located at 0.9474, while holding below 0.9676 represents the first condition to achieve the waited targets.
Expected trading range for today is between 0.9550 support and 0.9720 resistance.
Expected trend for today: Bearish
Origin: Economies
