The USDCHF pair showed clear positive trading yesterday after it found solid support base at 0.9634, to approach from testing the first key resistance at 0.9752, accompanied by stochastic reach to the overbought areas, which forms negative factor that we are waiting to push the price to resume the main bullish trend again.
Therefore, the bearish trend will be suggested in the upcoming sessions, and the targets begin by breaking 0.9634 level to confirm opening the way to head towards 0.9442 as a next main target, noting that breaching 0.9752 – 0.9780 levels will lead the price to achieve intraday gains that target testing 0.9848 and might extend to 0.9944 levels before any new attempt to decline.
Expected trading range for today is between 0.9600 support and 0.9800 resistance.
Expected trend for today: Bearish
Origin: Economies
