The USDCHF pair shows more bearish bias, noticing that stochastic shows clear negative signals now, waiting to motivate the price to resume the main bearish trend, which its next targets located at 0.8520 followed by 0.8450.
Therefore, the bearish wave will remain dominant on the intraday and short-term basis, supported by the negative pressure formed by the EMA50, noting that breaching 0.8680 will stop the expected decline and lead the price to start bullish correction before turning back to decline again.
The expected trading range for today is between 0.8540 support and 0.8660 resistance.
The expected trend for today: Bearish
Origin: Economies
