The USDCHF pair traded with clear positivity in the previous sessions to reach our waited positive target at 0.9990, accompanied by stochastic reach to the overbought areas, which makes us suggest witnessing bearish rebound to visit 0.9836 areas in the upcoming period.
Therefore, the bearish bias will be expected on the intraday basis, noting that breaching 0.9990 will stop the negative scenario and lead the price to achieve additional gains that reach 1.0070.
The expected trading range for today is between 0.9910 support and 1.0020 resistance.
The expected trend for today: Bearish