The USDCHF pair bounced upwards clearly after leaning on the bearish channel’s support line that appears on the chart, to head towards testing the key resistance 0.9200, noticing that stochastic loses its positive momentum clearly, which supports the chances of resuming the expected bearish trend on the intraday basis, which its next target located at 0.9060.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 0.9200 and hold above it.
The expected trading range for today is between 0.9120 support and 0.9200 resistance.
The expected trend for today: Bearish