The USDCHF pair bounced lower yesterday after 0.9676 level confirmed its strength against the price last positive attempts, which supports the continuation of our bearish trend expectations on the intraday and short term basis, the price needs to braek 0.9620 level to ease heading towards our next main target at 0.9474.
In general, the bearish trend will remain valid and active in the upcoming sessions unless breaching 0.9676 level and holding with a daily close above it.
Expected trading range for today is between 0.9550 support and 0.9700 resistance.
Expected trend for today: Bearish
Origin: Economies
