The USDCHF pair achieved some clear gains on last Friday to touch the key resistance 0.9848 and kept its stability below it, which keeps the bearish trend scenario valid until now, supported by the overbought signals that appears on stochastic.
Therefore, we are waiting for negative trading in the upcoming sessions, and the targets begin by surpassing 0.9752 level to open the way to head towards 0.9634 followed by 0.9442 levels, being aware that breaching 0.9848 then 0.9944 levels will stop the suggested negative scenario and lead the price to achieve more gains on the longer-term basis.
Expected trading range for today is between 0.9700 support and 0.9900 resistance.
Expected trend for today: Bearish
Origin: Economies
