The USDCHF pair managed to confirm breaking 0.9676 level after closing the daily candlestick below it, which opens the way to head towards 0.9474 as a next main target, reinforcing the negative expectations mentioned in our last technical update.
Therefore, we suggest witnessing more decline in the upcoming sessions, supported by the EMA5 that pushes negatively on the price, conditioned by the stability below 0.9676.
Expected trading range for today is between 0.9550 support and 0.9700 resistance.
Expected trend for today: Bearish
Origin: Economies
