The USDCHF pair achieved some slight gains yesterday to fluctuate above 1.0062 level and moves above it, but its begins today with bearish bias that pushes trading to push on the mentioned level, which supports the chances of continuing the bearish bias in the upcoming period, especially that the EMA50 keeps pushing negatively on the price, besides that stochastic shows overbought conditions.
Therefore, we are waiting for negative trading for today, and the targets begin at 0.9996 and extend to 0.9915, reminding you that holding below 1.0128 represents key condition to continue the expected decline.
Expected trading range for today is between 0.9950 support and 1.0128 resistance.
Expected trend for today: Bearish