The (USDCHF) price settles with a rise in its last intraday trading, supported by the emergence of the positive signals on the (RSI), to notice the (RSI) reach to the overbought levels, suggesting ending the bullish momentum, amid the dominance of the main bearish trend on the short-term basis on the short-term basis and its trading alongside a supportive bias line for this trend, with the continuation of the negative pressure from its trading below EMA50, intensifying the negative pressure.
Therefore, our expectations suggest a decline in the (USDCHF) price in its upcoming intraday trading, conditioned by the stability of the resistance at 0.7980, to target the support at 0.7920.
The expected trading range is between 0.7920 support and 0.7980 resistance.
Today’s forecast: Bearish
