USD CHF stops at the moving average08/02/2013

The pair accomplished a breach above the current bearish channel resistance, but it found a good resistance from the EMA50, which keeps the chances of achieving the preferred bearish trend scenario in our recent reports.

Stochastic approaches from the overbought levels to add more support for our expectations for moving to the downside, which remains valid unless breach above 0.9235 and settling above it.

Expected trading range for today is between: 0.9000support and 0.9235 resistance.