The USDCHF pair provided positive trading yesterday to approach from retesting 0.9676 level that turns into an important resistance after breaking it previously, accompanied by stochastic enter to the overbought levels, while the EMA50 continues to form negative pressure on the price.
Therefore, these factors makes us keep our bearish trend expectation on the intraday and short term basis, which its next target located at 0.9474, while its continuation conditioned by holding below 0.9676 and the most important below 0.9800.
Expected trading range for today is between 0.9500 support and 0.9700 resistance.
Expected trend for today: Bearish
Origin: Economies
