The USDCHF pair trades positively by today’s open to attempt to breach 0.9355 level, but we will depend on the last daily close below this level to keep our bearish overview, which targets 0.9300 followed by 0.9240 levels as next main stations.
Stochastic loses its positive momentum clearly to support the expected decline, besides the negative pressure formed by the EMA50, taking into consideration that consolidating above 0.9355 will stop the negative scenario and lead the price to start new recovery attempts.
The expected trading range for today is between 0.9280 support and 0.9420 resistance.
The expected trend for today: Bearish