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The USD/CHF currency pair showed slight negative movement yesterday and is currently fluctuating around the 0.8670 level. Stochastic indicators have lost their positive momentum, suggesting a potential continuation of the bearish trend with a target of 0.8540.
The 50-period Exponential Moving Average (EMA50) is applying negative pressure on the price, reinforcing the bearish outlook. This trend will remain intact unless the price breaches 0.8670 and closes above it on a daily basis.
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Today’s expected trading range is between 0.8580 support and 0.8710 resistance.
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Trend Forecast: Bearish
