The USDCHF pair continues to offer negative trading heading gradually towards our main waited target at 0.9474, which keeps the bearish trend scenario on the intraday and short term basis, supported by the negative pressure offered by the EMA50, noting that it is important to monitor the price behavior when reaching the targeted level, as breaking it represents the key to extend the bearish wave to reach 0.9330 as a next main station.
We remind you that holding below 0.9676 represents key condition to continue the expected bearish trend.
Expected trading range for today is between 0.9474 support and 0.9650 resistance.
Expected trend for today: Bearish
Origin: Economies
