The USDCHF pair shows positive trades by today’s open to head towards potential test to the correctional bearish channel’s resistance, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its next target located at 0.8885.
We remind you that breaking the targeted level will extend the bearish wave to reach 0.8810, while the expected decline will remain valid conditioned by the price stability below 0.8968.
The expected trading range for today is between 0.8860 support and 0.9000 resistance.
The expected trend for today: Bearish
Origin: Economies
