The USDCHF pair breached 0.9752 level yesterday and attempts to hold above it, which might push the price for more rise and test the key resistance at 0.9848 before attempting to decline again, noticing that stochastic loses its positive momentum clearly and shows overbought signals now.
Therefore, we will continue to suggest the overall bullish trend unless we witnessed clear breach and holding above 0.9848 followed by 0.9944 level, reminding you that the main targets begin at 0.9634 and extend to 0.9442.
Expected trading range for today is between 0.9634 support and 0.9848 resistance.
Expected trend for today: Bearish
Origin: Economies
