The USDCHF pair managed to break 0.9620 level and settled with a daily close below it, to get negative motive that supports the continuation of the decline in the upcoming period, opening the way to target 0.9474 level as a next main station.
Therefore, our bearish trend expectations will remain valid and active on the intraday and short term basis, reminding you that breaking 0.9474 level will extend the bearish wave to reach 0.9243, while the negative scenario will remain valid unless we witnessed a breach to 0.9676 and holding above it.
Expected trading range for today is between 0.9510 support and 0.9676 resistance.
Expected trend for today: Bearish
Origin: Economies
