The USDCHF pair continues to fluctuate within tight track around 0.9570 level, while the bearish trend still active on the intraday and short term basis as long as the price is below 0.9676 level, supported by the negative pressure provided by the EMA50, waiting to visit 0.9474 level as a next main target.
Stochastic current positivity interprets the reasons of the current fluctuation and the slowness of the expected bearish wave, noting that breaking 0.9545 level will ease the mission of achieving the above mentioned main target.
Expected trading range for today is between 0.9474 support and 0.9650 resistance.
Expected trend for today: Bearish
Origin: Economies
