The USDCHF pair fluctuates at the EMA50 that forms good resistance barrier against the intraday and short term trading, to keep the negative pressure valid on the price, reinforcing the chances of continuing the bearish trend in the upcoming period, waiting to break 0.9676 level to confirm opening the way to head towards the previously recorded low at 0.9474.
Therefore, our bearish overview will remain valid and active unless breaching 0.9800 level and holding with a daily close above it.
Expected trading range for today is between 0.9650 support and 0.9800 resistance.
Expected trend for today: Bearish
Origin: Economies
