The USDCHF price fluctuates positively to test the EMA50 that forms good resistance at 0.8465, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets 0.8400 followed by 0.8332 levels as next main stations.
On the other hand, we remind you that breaching 0.8465 will lead the price to recover and visit 0.8543 level before any new negative attempt.
The expected trading range for today is between 0.8390 support and 0.8510 resistance.
Trend forecast: Bearish
Origin: Economies
