The USDCHF pair continued its strong decline yesterday to break 0.9676 level and settles with a daily close below it, which puts the price under negative pressure on the short term basis, opening the way to head towards the previously recorded low at 0.9474 as a next main target.
Therefore, we expect the continuation of the bearish trend domination on the upcoming trading, unless the price managed to breach 0.9800 level and holding with a daily close above it.
Expected trading range for today is between 0.9550 support and 0.9750 resistance.
Expected trend for today: Bearish
Origin: Economies
