The USDCHF pair shows sideways and tight trading since yesterday settling below 0.9600 barrier, while the EMA50 keeps pushing negatively on the intraday and short term trading, which keeps the bearish trend scenario valid for the upcoming period, which its targets begin by surpassing 0.9545 barrier to open the way to visit 0.9474 level as a next main station.
In general, the bearish bias will be valid and suggested unless breaching 0.9676 level and holding above it.
Expected trading range for today is between 0.9474 support and 0.9650 resistance.
Expected trend for today: Bearish
Origin: Economies
