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The USDCHF price is currently hovering around the 0.8470 level. Notably, the Stochastic indicator has lost its positive momentum, indicating a potential shift towards negative trades. We anticipate the price may continue to decline, with initial targets set at 0.8430 and extending to 0.8332, provided the previous level is broken.
The EMA50 continues to support the bearish outlook, which will remain valid as long as the price stays below 0.8543.
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Today’s expected trading range is between 0.8390 for support and 0.8530 for resistance.
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Trend Forecast: Bearish
