The USDCHF pair traded positively yesterday to test the EMA50 that formed good resistance against the price, noticing that the price begins today with bearish bias to resume the expected bearish track for the upcoming period, which its targets begin at 0.9000 and extend to 0.8920.
Therefore, we will continue to suggest the bearish trend on the intraday and short term basis, supported by stochastic negativity that appears clearly now, reminding you that it is important to hold below 0.9140 to continue the expected decline.
The expected trading range for today is between 0.9000 support and 0.9140 resistance.
The expected trend for today: Bearish
Origin: Economies
