The USDCHF pair is currently exhibiting a bearish bias, testing the critical support level at 0.6450. Traders are advised to exercise caution in the upcoming sessions, as the price must maintain levels above this point to sustain the bullish trend scenario. The bullish trajectory aims for 0.8550, followed by 0.8700 as the next significant resistance levels.
Positive signals from the Stochastic indicator support the anticipated rise. However, a breach below 0.8450 would be a negative factor, indicating a potential return to the primary bearish trend.
Today’s expected trading range is between the support level at 0.8420 and the resistance level at 0.8550, with an overall bullish trend anticipated.